Business management

Flashcard
•
English
•
Professional Development
•
Hard
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the role of a market in business management?
Back
The market is essential for identifying customer needs, preferences, and trends, which helps businesses tailor their products and services accordingly.
2.
FLASHCARD QUESTION
Front
What is innovation in the context of business growth?
Back
Innovation refers to the process of creating new ideas, products, or methods that improve efficiency, effectiveness, or competitive advantage in a business.
3.
FLASHCARD QUESTION
Front
What qualities should an entrepreneur possess?
Back
An entrepreneur should have leadership skills, the ability to optimize resources, and a vision for achieving business objectives.
4.
FLASHCARD QUESTION
Front
What does a strategic plan entail?
Back
A strategic plan is a document that outlines an organization's goals, the strategies to achieve them, and the resources required.
5.
FLASHCARD QUESTION
Front
What is the primary administrative function of planning in a company?
Back
The primary function of planning is to set goals and determine the best course of action to achieve them.
6.
FLASHCARD QUESTION
Front
Define SWOT analysis in business management.
Back
SWOT analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.
7.
FLASHCARD QUESTION
Front
What is the purpose of a procedures manual?
Back
A procedures manual provides detailed instructions on how to perform specific tasks within an organization, ensuring consistency and efficiency.
Create a free account and access millions of resources
Similar Resources on Wayground
6 questions
GLEE Meeting 6/17

Flashcard
•
Professional Development
11 questions
Ch. 2 Ethics

Flashcard
•
12th Grade
15 questions
Entrepreneurship Concepts

Flashcard
•
University
15 questions
Ch 22.1 Turner, Mahan, and the Roots of Empire Flashcard

Flashcard
•
12th Grade
15 questions
Emphasizing Institutions, Cultures, and Ethics Flashcard-4

Flashcard
•
University
8 questions
Marvel 101

Flashcard
•
KG - Professional Dev...
10 questions
Business Ethics and Corporate Responsibility

Flashcard
•
University
10 questions
SAP Chapter 1 - BSIS 420/620

Flashcard
•
University
Popular Resources on Wayground
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Appointment Passes Review

Quiz
•
6th - 8th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
11 questions
All about me

Quiz
•
Professional Development
22 questions
Adding Integers

Quiz
•
6th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
20 questions
Grammar Review

Quiz
•
6th - 9th Grade