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Bussiness - Coggle Diagram
Bussiness
Business Operations
Finance
Key Activities
- Managing credit and loans.
- Ensuring bill payments.
- Raising long-term capital (e.g., selling ownership).
Role:
- Managing money, capital acquisition.
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Production
- Technological Influence:
- Use of computers for monitoring and control.
- High-tech machinery for efficiency.
Activities: Conceptualizing, designing, and creating products.
Just-in-Time Inventory:
- Focuses on quick response to consumer demand
- Stocks only what is needed short-term..
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Marketing
- Purpose: Identify consumer needs and provide at the right price, place, and time.
- Strategies:
- Research consumer preferences.
- Techniques: Advertising, personalized sales.
- Products:
- Standard demand products (e.g., food) use advertising.
- Expensive/durable goods (e.g., cars, electronics) rely on personalized sales.
Business Overview
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Goals:
- Nonprofits: Cover operating costs only.
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- For-profit: Aim for revenues exceeding costs.
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Examples - For-profit: Mitsubishi, General Motors, Royal Dutch Shell. - Nonprofit: Social services, foundations, hospitals.
Bussiness is an organixed approach to providing customers with the goods and serviced that they want