unit 2 aos1 Flashcards
external professionals
are highly-skilled individuals that businesses hire to provide expertise in a particular area of operation.
accountant
a professional who manages, updates, analyses, and reports a business’s financial information.
3 roles of accountants
create financial reports, ensure legal compliance, create budgeted reports
financial adviser
a professional who provides expert advice to individuals and businesses in relation to monetary matters, personal finances, and potential investments.
3 roles of financial advisers
manage the owner’s personal finances, analyse the feasibility of a business’s financial goals, analyse and assist in the management of current business expenses
ict specialists
a professional who develops and maintains the technological systems that are used by businesses to store and retrieve data.
3 roles of ict specialists
set up and maintain a website, ensure legal compliance related to data management, provide training to employees regarding privacy issues
legal advisers
is a professional who provides expert advice to businesses regarding their legal responsibilities.
4 roles of legal advisers
provide advice relating to the drafting of contracts, ensure compliance with all relevant laws, protect a business’s trademarks and patents, provide in-house counsel for conflicts that arise
marketing adviser
a professional who provides expert advice to businesses in relation to promoting and selling their products.
3 roles of marketing advisers
develop appropriate advertising strategies, provide branding and design assistance, develop effective public relations (PR) strategies
business name
is the title that a business operates under and what customers use to identify the business.
website domain
is a website address that identifies a business’s online site.
trade practices legislation
the law that governs how a business interacts with customers and competitors.
3 obligations that fall under the trade practices legislation
commit to guarantees and warranties, no collusion, do not falsely advertise goods or services