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Chapter 6

Chapter 6. Business Management. What is Business. An Organization that Produces or Distributes a good or service. Goods-Producing Business. Service Business. ✔ Checkpoint p.147. Expected Employment in Major Industries by 2018. Business Activities. Production

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Chapter 6

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  1. Chapter 6 Business Management

  2. What is Business • An Organization that Produces or Distributes a good or service. Goods-Producing Business Service Business ✔ Checkpoint p.147

  3. Expected Employment in Major Industries by 2018 CHAPTER 6

  4. Business Activities • Production • Making of a good or service • Marketing • Getting goods or services to customers • Target Market • Financing • Handing all money matters related to running a business

  5. Gross National ProductUSA vs. Other Nations • The total market value of all goods produced and services provided in a year.

  6. Efficient to Survive • Efficiency • Producing the largest quantity in the least time. • How to ensure efficiency • Well trained workers • Up to date technologies • Manage effectively • Just in Time (JIT) Inventory System

  7. Business Ownership • Popularity of small business • Owner operated • Growth of franchise business • Examples • Risks of ownership • Obligations of ownership • Customers, Employees, Suppliers, Competition CHAPTER 6

  8. How to be a good team member • Be personal • Be involved • Trust in your team • Stay focused on the task • Be positive • Listen, Listen, Listen

  9. Listening skills • Maintain eye contact • Focus on content, not delivery • Avoid distractions • Treat listening as a challenging mental task • Stay active by asking mental questions • Remember the gap between speech and thought

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