Unit 3 Vocab

Front

Financial analysis

Back

The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources.

Front

Human resources management

Back

The process of planning, staffing, leading, and organizing the employees of the business.

Front

Information management

Back

The process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data.

Front

Marketing

Back

The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Front

Operations

Back

The day-to-day activities required for continued business functioning.

Front

Outsourcing

Back

The usage of outside organizations or consultants to perform one or more of the primary business activities.

Front

Production

Back

The process or activity of producing goods and services.

Front

Strategic management

Back

The process of planning, controlling, and organizing an organization or department.

Front

Human resources

Back

People who work to produce goods or services.

Front

Management function

Back

Groups of activities related to management (i.e., planning, organizing, staffing, directing, and controlling).