Study

Business Revision

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  • When a manager starts ___________, he/she decides on the onbjectives of the company.
    planning
  • Solving day to day problems is a job for the...
    manager
  • As a customer, you can be asked _____________________ to express your opinion about the product or / and service of the company
    to fill a feedback form
  • A company can give customers a fidelity card in order to....
    retain customers
  • Assigning tasks is part of
    Organizing
  • This tells a lot about the company
    The name
  • If there are economic problems in a country, a recently established company can
    go bankrupt
  • The money an entrepreneur asks to build up a new business.
    Start-up capital
  • This person starts a new business
    Entrepreneur
  • Things that a company wants to achieve.
    Goals
  • People that a company wants to sell its products to
    Target market
  • A written document with the information of a business.
    Business Plan
  • _______are in charge of giving tasks to workers.
    Supervisors
  • One of the tasks of __________ is communicating information from one person to another.
    Directing
  • People who buy products or pay for a service
    customers
  • Lack of finance and high taxes are...
    possible causes of failure
  • Organizing and controlling are functions of...
    management
  • Name three external stakeholders
    customers, society, government, suppliers, shareholders
  • Name two internal stakeholders
    Employees, managers, owners, supervisors, CEO's
  • The managerial function that is in charge of hiring new personnel
    Staffing
  • Special discounts are given to ...
    retain customers
  • Making profit, grow in the market, stay in the market for more than two years are
    Business objectives
  • The maximum chief of a company
    CEO
  • Who I am, what I do, why my product is unique.
    Mission statement
  • Poor planning and poor choice of location are
    possible causes of failure