3.01 Review BE.

Makes money to fulfill a specific mission or undertaking.

• Nonprofit

• Mission-central

• For-profit

• Focused

What is the primary business activity of financial analysis.

• The process of planning, staffing, leading, and organizing employees. It involves taking care of the responsibilities associated with having employees—making the business a fair and inviting place to work.

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

•  The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources. It involves obtaining funds (the finance department) and keeping accurate and useful records (the accounting department).

___________ is responsible for quality control, production, and inventory.

• Financial Analysis

• Inventory Management

• Human Resource Management

• Information Management

Name five things a business needs to accomplish.​ ​ ​ ​ ​ ​ ​ (a)   ​ (b)   ​ ​ (c)   ​ ​ (d)   ​ ​ (e)  

• Produce/Provide goods and services
• Market/Sell those goods and services
• Store/Retrieve information effectively
• Plan for the future
• Obtain necessary resources
• Loss Money
• Ignore problems
• Only plan for the present

Responsible for planning, staffing, leading, and organizing employees. Involves taking care of the responsibilities associated with having employees—making the business a fair and inviting place to work.

• Financial analysis

• Information management

• Human resources management

• Inventory Management

Responsible for planning, maintaining, monitoring, controlling, and reporting the use of financial resources. It involves obtaining funds (the finance department) and keeping accurate and useful records (the accounting department).

• Inventory Management

• Information management

• Human resources management

• Financial analysis

Responsible for accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data. It involves putting a reliable data storage-and-retrieval system in place.

• Information Management

• Inventory Management

• Human Resource Management

• Financial Analysis

Responsible for planning, controlling, and organizing an organization or department

• Supervisor

• Information Management

• Strategic Management

• Inventory Management

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

• Outsourcing

• Vital services

• Management

• Recruiting

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

• Outsourcing

• Management

• Marketing

• Advertising