Term 1 - Micro Environment Flashcards
2 words to describe how staff and management work together and make decisions
Organisational
Culture
What can be seen as ORGANISATIONAL RESOURCES?
- Physical
- Human
- Financial
- Technological
Give one word which describes a person in charges who inspires people and sets goals
Leader
What does an ORGANISATION STRUCTURE consist of?
- 8 business functions
Provide ONE WORD which explains the following:
How the business is run using processes and controls to achieve the goals of the business (maximum output for a minimum input)
Management
The 8 business functions forms part of the MICRO or MACRO environment?
Micro
Name the 8 business functions
1) Purchasing
2) Production
3) Marketing
4) Finance
5) General management
6) Public Relations
7) Human Resources
8) Administration
REMEMBER:
Fun And Games Have Made
Production Pure Pleasure :)
The 4 business functions relating to investments, purchasing materials and producing and selling the final PRODUCT
1) Purchasing
2) Production
3) Marketing
4) Finance
The 4 business functions relating to managing the business and dealing with PEOPLE
1) General Management
2) Public Relations
3) Human Resources
4) Administration
Explain the business function PURCHASING
Buy raw materials,
source best prices,
receive orders and
manage stock
Explain the business function PRODUCTION
Turn raw materials into finished products,
ensure production of quality goods
Explain the business function MARKETING
Price, distribute and marketing the goods,
through advertising
Explain the business function FINANCE
Provide and use capital (money);
control cash flow,
prepare financial statements
Explain the business function GENERAL MANAGEMENT
Manage all functions
Set goals
Lead
Motivate
Explain the business function PUBLIC RELATIONS
Create a good relationship with the public and staff
Deal with social, political and environmental
issues
