Business Management
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IB Business and Management Unit 3&4 questions & answers
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IB Business and Management Unit 3&4 questions & answers
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Business Management UNIT 3_4 EXAM questions & answers
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Business Management UNIT 3_4 EXAM questions & answers
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Business Terms (Unit 34-35)
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Business Terms (Unit 34-35)
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BTEC Unit 2 Finance questions and answers
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BTEC Unit 2 Finance questions and answers
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introduction_ Big Data and Business questions and answers
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introduction_ Big Data and Business questions and answers
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Principles of Financial Planning (Business questions & answers
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Principles of Financial Planning (Business questions & answers
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Nature Of Financial Management
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Financial management is the efficient management of a company's finances, encompassing planning, organizing, directing, and controlling the monetary resources. It involves activities like budgeting, investment decisions, financial analysis, and risk management to maximize shareholder wealth and achieve organizational goals.
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Business Management TOP Exam Questions and CORRECT Answers
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what are the key feature of a business-HR 
-operations 
-marketing 
-finance 
what are the three (four) main sectors-Primary 
-Secondary 
-Tertiary 
(-Quaternary) 
Primary sectorIncludes all business in which production is directly associated with 
natural resources (mining, farming, timber, fishing, coal, energy, etc - BHP mining) 
Secondary sectorIncludes all businesses which take the output of firm (usually raw 
materials) and processes it into a finished or semi-finished product (phones, c...
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Business Management UPDATED Test Questions and CORRECT Answers
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BusinessThe organized effort of individuals to produce and sell, for a profit, the goods 
and services that satisfy society's needs. 
What are the four resources a business needs in order to be successful?Human 
resources, material resources, informational resources, and financial resources. 
What do service businesses do?They provide services. 
Ex: Haircuts, legal advice, tax preparation, etc. 
IntermediaryGo-between; mediator. 
Are businesses that understand customer needs, and work to sati...
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Business Management Already Passed Exam Questions and CORRECT Answers
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External growth methods - Mergers and acquisitions (M&A's) 
- Takeovers 
- Joint ventures (JVs) 
- Strategic alliances (SAs) 
- Franchising 
Joint Venture (JV) When two or more businesses decide to work together on a project. 
They share the capital, risks and rewards. They are NEVER joined as one company but create 
a separate business division. 
Strategic Alliances (SAs) - Strategic alliances occur when two or more businesses 
cooperate in a business venture for mutual benefit. 
- The fir...