Intro to Business Review

How can Michael, Hannah, and Scarlett creatively plan for their future financial growth?

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Hey Lily, Ethan, and Zoe! Can you list the Six Business Functions in a fun and creative way?

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Which Business Function deals with , organizing, storing, and securing relevant data in order to make informed decisions

• Finance/ Accounting
• Operations
• Marketing
• Information Management

What is the definition of business?

• Improving existing products and developing new products in order to meet customer demands
• A route or plan of action designed to achieve certain organizational goals and objectives.
• A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
• Collecting, organizing, storing, and securing relevant data and information.

Imagine you're in a classroom with Charlotte, Mason, and Henry. Complete the statement with the best term: Business is about ___________ managing business functions.

• Information

• Technology

• People

• Markets

Business means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce. What is the meaning of industrial?

• Items that are manufactured.
• Collecting, organizing, and storing data.
• Customized services provided for a fee
• The pursuit of a profit margin.

Imagine you're in a bustling marketplace with Grace and Rohan, exploring the vibrant world of business. What does 'commercial' mean in this lively setting?

• The pursuit of a profit margin.

• The improvement of services.

• Services provided for a fee.

• Items that are manufactured.

Business means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce. What is the meaning of professional?

• The pursuit of a profit margin.
• Customized services provided for a fee.
• Recording financial transactions and records
• Items that are manufactured.

Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?

• Finance/Accounting
• Strategy
• Human Resources
• Marketing

Imagine you're in a business class with Abigail, Emma, and Aiden. The professor asks: What is the term for a company’s purpose, its reason for being, and the problem it aims to solve?

• Strategy

• Target Market

• Profit Margin

• Mission