MidEXAM: Int'l/Global Trade

Is a risk taker who operates a business.

• Leader

• Entrepreneur

• Manager

Is an independently owned and operated business that does not dominate an industry

• Manufacturing Companies

• Retailers

• Wholesalers

• Small Business

Company ' s legal name and location.

• Organizational Structure

• Marketing Activities

• Business Description

• Financial Planning

Product or service planning, risk management, promotion, pricing, financing, distribution, purchasing, and selling

• Information Needs

• Business Description

• Organizational Structure

• Marketing Activities

Combining factors of production to create goods or services.

• PRODUCTION ACTIVITIES/MANAGEMENT

• PRODUCTION ACTIVITIES

• PRODUCTION MANAGEMENT

They are men and women who assume responsibility for the administration of an organization.

• Managers

• Leaders

• Entrepreneurs

• Business owners

Managers who centralize power and tell employees what to do.

• Free-rein managers

• Participative managers

• Autocratic managers

• Democratic managers

Managers who decentralize power and share it with employees.

• Democratic managers

• autocratic managers

• participative managers

• free-rein managers

Managers let employees establish their own goals and monitor their own progress.

• Democratic managers

• autocratic managers

• participative managers

• free-rein managers

Relates to setting goals or objectives to be attained.

• planning

• organizing

• staffing

• motivating