BUSINESS MANAGEMENT : WHAT IS A BUSINESS?

BUSINESS FUNCTIONS
WHICH SPECIFIC DEPARTMENT/ BUSINESS FUNCTION IS RESPONSIBLE FOR THESE ACTIONS?
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Slide 1: Slide
BUSINESS MANAGEMENTTertiary Education

This lesson contains 23 slides, with interactive quizzes, text slides and 2 videos.

time-iconLesson duration is: 60 min

Items in this lesson

BUSINESS FUNCTIONS
WHICH SPECIFIC DEPARTMENT/ BUSINESS FUNCTION IS RESPONSIBLE FOR THESE ACTIONS?

Slide 1 - Slide

Recruitment of Staff

Slide 2 - Slide

Setting prices for the firm's products

Slide 3 - Slide

Deciding where the product should be sold

Slide 4 - Slide

Stock control and management

Slide 5 - Slide

Establishing quality management process

Slide 6 - Slide

Researching the needs, wants, and preferences of customers

Slide 7 - Slide

Allocating resources to purchase capital equipment

Slide 8 - Slide

Hiring a new production manager

Slide 9 - Slide

Financial and non-financial methods of motivating the staff

Slide 10 - Slide

Strategies to attract and retain customers

Slide 11 - Slide

These people are willing to buy certain goods and services because the production process adds value to the final products. These people are called:

Slide 12 - Open question

Slide 13 - Video

Slide 14 - Slide

To produce a car, these 4 factors are needed: 
1. Raw material: steel /rubber/glass 
2. Employees who work at the car company
3. Mass Production lines /robots used to make cars
4. CEO/production director who oversees the whole operations of cars being manufactured


Slide 15 - Slide

PRIMARY SECTOR
SECONDARY SECTOR
TERTIARY SECTOR
QUATERNERY SECTOR
SECTORS IN BUSINESS

Slide 16 - Slide

Slide 17 - Video

Which of the following is not one of the three basic types of inputs into a business?
A
Financial resources
B
Physical resources
C
Creative resources
D
Human resources

Slide 18 - Quiz

What is the name of the business input that refers to the money needed to start up and operate a business?

Slide 19 - Open question

How sectors are connected

Slide 20 - Slide

Name the economic sector in which manufacturing occurs.

Slide 21 - Open question

Which
sector includes activities like farming, fishing, and mining.

Slide 22 - Open question

Name the economic sector that includes wholesale and retail stores.
It includes all distribution and service activities.

Slide 23 - Open question