Chapter 6
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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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Chapter 6

Chapter 6

Business Management


What is business

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

Expected Employment in Major Industries by 2018

CHAPTER 6


Business activities

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


Gross national product usa vs other nations

Gross National ProductUSA vs. Other Nations

  • The total market value of all goods produced and services provided in a year.


Efficient to survive

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


Business ownership

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


How to be a good team member

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


Listening skills

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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