This course provides an overview on the basic concepts and tools of business. Every functional aspect of business is covered. Topics covered are management, organization, human resource management, purchasing, production/operations, accounting, finance, marketing, quantitative methods, legal environment, information technology, business ethics, and international business.
Recognize attributes of economic systems and resource constraints. Recognize the different types of business structures. Recognize the concepts and functions of management. Differentiate among the types of psychological needs and types of leadership. Identify labor goals, labor-management problems, and key labor legislation. Recognize key elements of the production process and building requirements. Recognize key elements of the purchasing-supplier relationship. Identify key selection factors for production facility location. Recognize various computer hardware and information systems. Recognize the components of financial statements and popular financial analysis ratios. Identify methods of data collection, and key business statistics. Recognize factors of a financial plan and sources of financing. Identify sales and production planning techniques. Recognize the scope of the Federal Reserve System in banking practices. Identify different stock exchanges, indexes and security market regulation. Identify elements of risk and insurance policies. Identify functions and costs of marketing. Identify the role of the middlemen in the marketing channel. Identify advertising strategies and trends. Identify attributes of a sales program. Identify the concerns and consequences of, and the governmental role, in international business and trade. Identify key provisions regarding with business law and ethics. Recognize government influences on business.
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