BUS 1-1 What is Business? Flashcard Business U

Front

Which term refers to a for-profit or non-profit organization involved in commercial, industrial, or professional commerce? Options: Finance, Management, Marketing

Back

Business

Front

What focuses on the management of assets, liabilities, equity, and cash flow of an organization?

Back

Finance

Front

Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?

Back

Human Resources

Front

Which term describes the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services?

Back

Marketing

Front

What is a company's purpose or its reason for being?

Back

Mission

Front

What is the primary focus of Finance within an organization?

Back

Asset and cash flow management

Front

Which term is used for the delivery of products and services to targeted customers?

Back

Marketing

Front

What is the purpose of a strategy in business?

Back

To design a route or plan of action to achieve goals

Front

What does a vision represent in a business context?

Back

An aspirational view of the future

Front

What is the relationship between strategy and tactics?

Back

Tactics support strategy.