Business Information
Management 1a-
Segment 1 fully solved
& updated
business functions - answer departments of a business: marketing,
finance, accounting, HR, production, marketing, sales
management team - answer ensure their teams perform the way
they need to by dividing tasks into manageable chunks,
communicating, and applying to legal obligations
finance team - answer responsible for overall strategy and direction
of company $, work out budgets and big project spends
accounting team - answer works closely with the finance team,
providing them with information on what money has been spent,
what has been charged to customers, and the current state of the
accounts, responsible for making and recording transactions
sales team - answer interact with customers in person, over the
phone, etc to answer questions and sell products
marketing team - answer in charge of finding new customers by
publicizing the business and giving it a positive public face by
making advertisements
, production team - answer make the product, work with production
lines and make sure there are enough materials to make product,
check if product meets company standards and isn't defective
HR team - answer keep track of employees' info (health records,
contact, etc), deal with firing/hiring employees, helps train them,
makes sure employment laws are followed
business plan - answer a formal written document that describes
the nature of a business and how it will operate
investor - answer person who puts money into a project or business
to earn a profit
executive summary (business plan) - answer brief overview that
captures all necessary information
business description (business plan) - answer explains what
business is all about, what it aims to do, why it was created
market analysis (business plan) - answer mentions potential
competitors and why your business is better than theirs, or if there
are no competitors, why this market is profitable, discuss target
customers
management and organization (business plan) - answer highlights
specific individuals or groups who will help you succeed, explains
how employees are organized
sales strategy (business plan) - answer explains your plan to sell
products effectively, sales staff, price you have chosen and why it is
reasonable and how it will generate profit
Management 1a-
Segment 1 fully solved
& updated
business functions - answer departments of a business: marketing,
finance, accounting, HR, production, marketing, sales
management team - answer ensure their teams perform the way
they need to by dividing tasks into manageable chunks,
communicating, and applying to legal obligations
finance team - answer responsible for overall strategy and direction
of company $, work out budgets and big project spends
accounting team - answer works closely with the finance team,
providing them with information on what money has been spent,
what has been charged to customers, and the current state of the
accounts, responsible for making and recording transactions
sales team - answer interact with customers in person, over the
phone, etc to answer questions and sell products
marketing team - answer in charge of finding new customers by
publicizing the business and giving it a positive public face by
making advertisements
, production team - answer make the product, work with production
lines and make sure there are enough materials to make product,
check if product meets company standards and isn't defective
HR team - answer keep track of employees' info (health records,
contact, etc), deal with firing/hiring employees, helps train them,
makes sure employment laws are followed
business plan - answer a formal written document that describes
the nature of a business and how it will operate
investor - answer person who puts money into a project or business
to earn a profit
executive summary (business plan) - answer brief overview that
captures all necessary information
business description (business plan) - answer explains what
business is all about, what it aims to do, why it was created
market analysis (business plan) - answer mentions potential
competitors and why your business is better than theirs, or if there
are no competitors, why this market is profitable, discuss target
customers
management and organization (business plan) - answer highlights
specific individuals or groups who will help you succeed, explains
how employees are organized
sales strategy (business plan) - answer explains your plan to sell
products effectively, sales staff, price you have chosen and why it is
reasonable and how it will generate profit
