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3.01 Key Term

3.01 Key Terms

TermDefinition
Accounting keeping accurate and useful financial records; and analyzing and interpreting the recorded information.
Business an organized effort to produce and/or distribute goods and services.
Financial analysis the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources.
Human resources management the process of planning, staffing, leading, and organizing the employees of the business.
Information management the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data.
Marketing the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Operations the day-to-day activities required for continued business functioning.
Outsourcing the usage of outside organizations or consultants to perform one or more of the primary business activities.
Production the process or activity of producing goods and services.
Strategic management the process of planning, controlling, and organizing an organization or department.
Created by: gisela.f538
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