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3.01 A Key Terms
Term | Definition |
---|---|
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 resource 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 | 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. |