Intro To Management an der Hochschule Für Wirtschaft Und Umwelt Nürtingen-Geislingen | Karteikarten & Zusammenfassungen

Lernmaterialien für Intro to Management an der Hochschule für Wirtschaft und Umwelt Nürtingen-Geislingen

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Intro to Management Kurs an der Hochschule für Wirtschaft und Umwelt Nürtingen-Geislingen zu.

TESTE DEIN WISSEN
What is a product?
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TESTE DEIN WISSEN
A good or a service with tangible and intangible characteristics that provide satisfaction and benefits
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TESTE DEIN WISSEN
What are examples for products?
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TESTE DEIN WISSEN
Tangible goods
- Automobile
- Smartphones
- Pair of jeans

Service
- Dry cleaning
- Doctor’s vist
- Movie

Idea
- Accountants and attorneys provide ideas for solving problems

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TESTE DEIN WISSEN
What is a profit?
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TESTE DEIN WISSEN
The difference between what it costs to make a product and what a costumer pays for it
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TESTE DEIN WISSEN
What is the main goal of a business?
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TESTE DEIN WISSEN
To earn a profit
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TESTE DEIN WISSEN
What are the characteristics of a non-profit organisation?
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- Do not share the purpose of earning profits
- May provide goods or services
 - Engage in fund-raising
- Engage in management, marketing and finance to reach goals
For example: WWF
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TESTE DEIN WISSEN
What are stakeholders?

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TESTE DEIN WISSEN
Groups that have a stake in the success and the outcome of a business 
For example:
- Customers
- Employees
- Investors 
- Government regulators 
- Community 
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TESTE DEIN WISSEN
What does the Management do?
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TESTE DEIN WISSEN
It involves the functions of planning, organizing, leading and controlling 
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What does the Marketing do?
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TESTE DEIN WISSEN
Focus on all marketing activities to satisfy costumers.
This means learn what products costumers need as well as to price, promote and distribute those products
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TESTE DEIN WISSEN
What does the Finance do?
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TESTE DEIN WISSEN
Refers to all activities concerned with obtaining money and using it effectively 
This is necessary to fund, maintain and expand its operations 
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TESTE DEIN WISSEN
What is Economics?
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TESTE DEIN WISSEN
A study of how resources are distributed for the production of goods and services within a social system
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TESTE DEIN WISSEN
What are examples for resources?
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TESTE DEIN WISSEN
Natural resources*
-Land, Forest, Minerals, Water, Things not made by people

Human resources (labor)*
 physical and mental abilities people use to produce goods and services

Financial resources (capital)*
- are the funds used to acquire the natural and human resources needed to provide products

*also referred to as Factors of production

Intangible Resources 
- good reputation for quality products
- being socially responsible 

Goal —>  Turning these factors into a competitive advantage
Lösung ausblenden
TESTE DEIN WISSEN
What is a business?

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TESTE DEIN WISSEN
Individuals or organizations who try to earn profits by providing products that satisfy people‘s needs
Lösung ausblenden
  • 22096 Karteikarten
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Beispielhafte Karteikarten für deinen Intro to Management Kurs an der Hochschule für Wirtschaft und Umwelt Nürtingen-Geislingen - von Kommilitonen auf StudySmarter erstellt!

Q:
What is a product?
A:
A good or a service with tangible and intangible characteristics that provide satisfaction and benefits
Q:
What are examples for products?
A:
Tangible goods
- Automobile
- Smartphones
- Pair of jeans

Service
- Dry cleaning
- Doctor’s vist
- Movie

Idea
- Accountants and attorneys provide ideas for solving problems

Q:
What is a profit?
A:
The difference between what it costs to make a product and what a costumer pays for it
Q:
What is the main goal of a business?
A:
To earn a profit
Q:
What are the characteristics of a non-profit organisation?
A:
- Do not share the purpose of earning profits
- May provide goods or services
 - Engage in fund-raising
- Engage in management, marketing and finance to reach goals
For example: WWF
Mehr Karteikarten anzeigen
Q:
What are stakeholders?

A:
Groups that have a stake in the success and the outcome of a business 
For example:
- Customers
- Employees
- Investors 
- Government regulators 
- Community 
Q:
What does the Management do?
A:
It involves the functions of planning, organizing, leading and controlling 
Q:
What does the Marketing do?
A:
Focus on all marketing activities to satisfy costumers.
This means learn what products costumers need as well as to price, promote and distribute those products
Q:
What does the Finance do?
A:
Refers to all activities concerned with obtaining money and using it effectively 
This is necessary to fund, maintain and expand its operations 
Q:
What is Economics?
A:
A study of how resources are distributed for the production of goods and services within a social system
Q:
What are examples for resources?
A:
Natural resources*
-Land, Forest, Minerals, Water, Things not made by people

Human resources (labor)*
 physical and mental abilities people use to produce goods and services

Financial resources (capital)*
- are the funds used to acquire the natural and human resources needed to provide products

*also referred to as Factors of production

Intangible Resources 
- good reputation for quality products
- being socially responsible 

Goal —>  Turning these factors into a competitive advantage
Q:
What is a business?

A:
Individuals or organizations who try to earn profits by providing products that satisfy people‘s needs
Intro to Management

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