Business Management

Principles of Financial Planning (Business questions & answers

Financial management is the efficient management of a company's finances, encompassing planning, organizing, directing, and controlling the monetary resources. It involves activities like budgeting, investment decisions, financial analysis, and risk management to maximize shareholder wealth and achieve organizational goals.

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...

This document is a class note that helps understand the organisation system used in business management structure

Perfect summary of chapter9

Perfect summary for chapter 4

Perfect summarized notes for chapter 5