Basics Flashcards
1
Q
What is the Business of Business?
(4)
A
- Make profit for owners and investors
- Serve the public or society
- Employ workers
- Do social good
2
Q
CSR?
A
Corporate Social Responsibility is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions.
3
Q
Incentive?
example?
A
for example pay comission
percentige that you get after each sold product
4
Q
Market Forces?
definition and types
A
Any kinds of forces that make the market change
* Consumer behaviour
* Industry
* Technology
* Government regulations
5
Q
What is a Business Model?
A
A company’s plan for making profit
6
Q
What are the business functions?
A
- Human Resources
- Marketing
- Finance and accounts
- Operations management or production
