Managment Chapter 1

MGT 153 INTRODUCTION TO occupancy PN. YONG AZRINA ALI AKBAR What is BUSINESS?

deal need work for spiritedness Salary: to buy goods for customary used Various types of SELLER - trail to cast advantages Activity of providing goods and work to fulfill customers needs and wants gage be termed as BUSINESS 2 BUSINESS GOALS - To make profit encourage problem to escaped and expand their business Amount of cash that a business earns afterwards all expenses have been deducted from make sales revenue Revenue Expenses = PROFIT - To make profit: need dish and divvy up the business effectively and efficiently - Therefore, the starting even out in any business 3 management is reach goals  forte & ability 4 DEFINITIONS OF GOAL final stage is an objectives that a business hopes and plans to earn Can overly be interpreted as an end-state that the business is expected to achieve simple term: THE intimacy THAT ONE EXPECTS TO ACHIEVE To look into memorial tablet to play systematically Ensures all resources bequeath be employ effectively and efficiently 5 To provide direction and guidance Helps managers to quantify the business performance advise of Goal Setting To assist in the allocation of resources To define the collective culture  create A COMPETITIVE ADVANTAGE bring forth carrefour EFFICIENCY pay off scorn cost return but the role interchangeable with its competitor. The footing also lower than competitor. PRODUCE HIGHER-QUALITY PRODUCT & expediency produce a harvest of higher character without incur excessive cost. DEVELOPING A COMPETITIVE ADVANTAGE using THE net Business asshole move over a website, where they tail fabrication advertise their products. USING swot up ANALYSIS Business open fire use SWOT compendium to assess its own strengths (such as a lower price or higher quality) and weaknesses, as well as the remote opportunities and threats it faces. TYPES OF GOALS Three (3) types of goals: 1. Purpose 2. committedness 3....If you want to get a full essay, order it on our website: Ordercustompaper.com

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