B. E. 3.01Understand the types of business activities

Financial Analysis

• The process of planning,

maintaining, monitoring,
controlling, and reporting
the use of financial resources

Financial Analysis

•Businesses get financing from:

� Venture capital

� Debt

� Equity

•Businesses rely on solid

accounting.

• The process of planning,

staffing, leading, and
organizing employees

• Makes the business a

fair and inviting place
to work!

Human Resources

Management

• The process of accessing,

processing, maintaining,
evaluating, and disseminating
business knowledge, facts,
or data

Information Management

•Businesses must have

systems for:

Information Management

� Identifying necessary

information

� Determining how that

information should be
presented, viewed, or
accessed

� Providing appropriate access

to the information

• The process of creating,

communicating, delivering, and
exchanging offerings that have
value for customers, clients,
partners, and society at large

Marketing

• Activities include attention to:

Marketing

� Product

� Price

� Promotion

� Place

• The process of planning,

controlling, and organizing an
organization or department

• Involves:

� Creating the mission and

vision of the business

� Determining goals

� Selecting strategies to

support goals

Strategic Management

• The day-to-day activities

required for continued
business functioning

• Includes production, quality

control, purchasing, and
inventory management

Operations

• If one business activity changes,

all other activities must adjust.

• Example—Finance shortage may

mean human resources cutbacks.

Interrelation

of Business Activities

• Mergers

Special Situations

Requiring Adjustment

• Outsourcing - involves using

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

• Virtual services

Multiple Choice

Which of the following activities demonstrates human resources management:

• The business gives its preferred customers a special discount.
• The business takes care of the responsibilities associated with having employees.
• The business includes top-level managers in long-term planning.
• The business acts on new information about a competitor.

Multiple Choice

Financial analysis occurs when a business

• communicates with potential customers.
• keeps accurate expense records.
• plans for long-term success.
• effectively retrieves data.

Multiple Choice

Which of the following activities demonstrates information management:

• Storing and retrieving information
• Researching customers’ needs
• Hiring appropriate employees
• Conducting employee evaluations

Dropdown

​

Select answer

is the process of ​

Select answer

, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large

Dropdown

​

Select answer

is the process of accessing, processing, maintaining, ​

Select answer

, and disseminating business knowledge, facts,
or data.

Match

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

• The process of planning, staffing, leading, and organizing employees

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

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

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

• Financial Analysis

• Human Resources Management

• Marketing

• Operations

Strategic management

• • Financial Analysis

• • Human Resources Management

• • Marketing

• • Operations

• Strategic management