WebXam Review - Principals of Business - 1 - Business Activities

Front

Which of the following is NOT a type of business model? Subscription-based, Franchise, Productivity-based, Freemium

Back

Productivity-based

Front

Why do businesses exist in society?

Back

To provide goods and services to meet societal needs and wants

Front

Which of the following is NOT a force driving business changes? Technological advancements, Changing consumer preferences, Stable political climate, Legal and regulatory changes

Back

Stable political climate

Front

How does accounting interact with other business activities?

Back

By tracking financial transactions and performance

Front

What is the primary function of human resources management?

Back

To recruit, train, and manage employees

Front

How does information management interact with other business activities?

Back

By organizing and analyzing data to support decision-making

Front

What is the main function of marketing?

Back

To identify and satisfy customer needs and wants

Front

What does supply chain management primarily focus on?

Back

Optimizing the flow of goods and services from suppliers to customers

Front

How does strategic management interact with other business activities?

Back

By setting long-term goals and developing plans to achieve them

Front

What is the role of operations management in a business?

Back

To ensure efficient production processes and delivery of products or services