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1.0 The Purpose of Business Flashcards | StudBud
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1.0 The Purpose of Business
1.0 The Purpose of Business
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The purpose of business
Flashcards
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Questions
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Answers
1
What is an example of marketing function of a business?
Setting a price for a new product
Preparing an income statemen
Preparing an Organizational Chart
2
Which is an example of an information technology function for a business?
Producing Income Statements
Testing New Computer Software
Hiring Employees
3
What is NOT a purpose of business?
Filling a need in the Marketplace
To make a Profit
To loose money
4
What is a Marketing Function for a business?
Replacing stock
Creating a banner advertisement
Interviewing potenial employees
5
What is an example of an accounting function for a business?
Creating an Advertisement
Maintaining computer equipment
Creating a cash flow statement
6
What do needs and wants have in commom?
Both are goods
Both are services
Both are things that people use
7
Goods are described as:
Tangible things - food, cars, phones
Not sure?
Services (haircut/lawn mowing)
8
Which is an example of Human Resources functions for a business?
Calling customers for feedback
Processing a new employees papwerwork
Replacing stock
9
Making sure an organization meets it goals is a function of?
Management
Marketing
Accounting
10
Promoting, pricing, and placement are all classified as which type of function?
Marketing
Operations
Management
