PI'S AND THE FACTORS THAT GO INTO THEM Flashcards

1
Q

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(BL) How is a business responsible for understanding, following, and enforcing the laws and regulations that impact its operations and transactions?

A

Contract and Agreements, Intellectual Property, Employment Law, Consumer Protection, Eithcal and Soical Responsibilies to the customer and worker, ect

The things that provent a buisness from getting sued

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2
Q

(CR) What are some methods used to build and maintain good realationships with ccustomers?

A

Personalized Communication, Consisteent Qualirty and Service, Active Listining and Responsivness, Fallow-Up after thier Stay or Visit, Loyalty Programs and Special Offers, Soical Media, Properly Trained Staff, Tranparncy and Honesty, Unique Experinces

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3
Q

(EC) What are the ecomice perinciples and conepts fundamental to business operations?

A

Supply and Demand, Scarcity, Opportnnity Cost, Market Comprtition, Inflation and Deflation, Productivity And Efficiency, Profit Maximaiztion, Ect

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4
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5
Q

(EI) What methods and tools are used to improve self-awarness and strengthen relationships with others?

A

Self-Reflection, Cultrual Awarness Training, Personality Assessment, Conflict Reslution and De-escalation, Active Listening and Response, ect.

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6
Q

(FI) What are some methods and toold for managing, tracking, and planning finanacial resouces?

A

Budgeting, Cash Flow Managment, Investment Analysis, Debt Management

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7
Q

What tools, techniques, and systems do businesses use to plan, staff, lead, and organize their human resources?

A

Software that manages saliers, scheduals, and even applications, along with inperson or over the internet metting

Some of the software can be like liinkedin, gmail, and workday, ect

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8
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