Princ. BMF-Q1-Review

A company's purpose; its reason for being; the problem it is solving.

• Target

• Goal

• Misson

• Purple

What is business?

• a for-profit or non-profit organization involved in commercial, industrial, or professional commerce

• A professional group

• people that make money

• selling stuff

Business is about people, what is the Human Resources function?

• A business functionrelevant data and information

• A business fuction all about connecting a business to its target market

• A business function that controls the moving pieces and parts of a business

• The business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.

A plan of action designed to achieve certain goals and objectives is...

• Target Market

• Strategy

• Operations

• Human Resources

The business function that involves processes and systems that collect, organize, store and secure relevant data and information

• Information Management

• Mission Statement

• Target Market

• Strategy

What is the Operations function?

• to gather, compile and analyze data

• The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.

• help achieve their goals and objectives.

• The business function that interviews potential employees

Marketing is all about...

• making informed decisions

• use technology

• the moving pieces and parts of a business

• connecting a business to its target market

A companies inspirational view of the future is called...

• Target

• Mission

• Vision

• Strategy

The Six Functions of Business are Human Resources, Strategy, Information Management, ______________ and Marketing vi. Finance/Accounting

• Operations

• customer service

• vision

• mission statement

Complete the statement with the best term. Business is about ___________ managing business functions.

• Information

• Technology

• People

• Markets