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Business - Coggle Diagram
Business
Business operations divisions include
Production
includes those activities involved in conceptualizing, designing, and creating products and services
Marketing
is the process of identifying the goods and services that consumers need and want and providing those goods and services at the right price, place, and time.
Finance
involves the management of money
granting
monitoring
collecting on credit or loans
ensuring that customers pay bills on time
Human resource management (HRM)
to ensure that they hire and keep good employees, and that they are able to respond to conflicts between workers and management.
There are two types of business
For-profit business
Mitsubishi Group
General Motors Corporation
They aim to achieve revenues
Non-profit business
social service agencies
foundations
Seek to earn enough to cover their operating costs
Refers to an organization that provides these goods and services