Business Management

Name Clas Dat : s: e: Chapter 03 - The Manager as Leader 1. In the past, managers had little authority over the employees in a business. ANSWER: POINTS: REFERENCES: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: DATE CREATED: DATE MODIFIED: 2. All leaders tend to share several common characteristics. ANSWER: POINTS: REFERENCES: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: DATE CREATED: DATE MODIFIED: 3. Leaders can be effective without a. b. ANSWER: POINTS: REFEREN...

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what are the key feature of a business-HR -operations -marketing -finance what are the three (four) main sectors-Primary -Secondary -Tertiary (-Quaternary) Primary sectorIncludes all business in which production is directly associated with natural resources (mining, farming, timber, fishing, coal, energy, etc - BHP mining) Secondary sectorIncludes all businesses which take the output of firm (usually raw materials) and processes it into a finished or semi-finished product (phones, c...

BusinessThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful?Human resources, material resources, informational resources, and financial resources. What do service businesses do?They provide services. Ex: Haircuts, legal advice, tax preparation, etc. IntermediaryGo-between; mediator. Are businesses that understand customer needs, and work to sati...

External growth methods - Mergers and acquisitions (M&A's) - Takeovers - Joint ventures (JVs) - Strategic alliances (SAs) - Franchising Joint Venture (JV) When two or more businesses decide to work together on a project. They share the capital, risks and rewards. They are NEVER joined as one company but create a separate business division. Strategic Alliances (SAs) - Strategic alliances occur when two or more businesses cooperate in a business venture for mutual benefit. - The fir...

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Interme...