Interrelationship of Micro, Market, and Macro Environments (Grade 10 NSC Matric Business Studies): Flashcards
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Micro-environment (another name)
Micro-environment (another name)
Internal environment
Number of key functions in micro-environment
Number of key functions in micro-environment
Eight
General Management's main role
General Management's main role
Coordinates and oversees all other functions
Production function's purpose
Production function's purpose
Creates goods or services the business sells
Marketing function's purpose
Marketing function's purpose
Promotes and sells products to customers
Definition: Consult
Definition: Consult
Seek information, advice, or input from others
Definition: Remunerate
Definition: Remunerate
Payment or compensation for job duties
What Production tells Purchasing
What Production tells Purchasing
Type, quality, and quantity of materials needed
What employers provide employees
What employers provide employees
Fair pay, training, safe environment, clear instructions
What employees provide employers
What employees provide employers
Perform duties, use skills, follow policies, achieve goals