BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Flashcards
(27 cards)
of goods and/or services to consumers.
_________ can refer to a particular organization or to an entire market sector, ex. “the music business”.
__________ is an active process which is an integral part of human society.
The goal is for sales to be more than expenditures resulting in a profit.
Business
Nature of Business
Economy
Engine
is defined as a place or a country where resources are managed by a government to bring about maximum benefits for the entire society.
Economy
Business are considered the ______ of the economy because they contributed to the economy of our country through paying corporate taxes so that the government can provide and promote social welfare of its citizens. Business also provides job opportunities which compensates the people in the society.
Engine
Historical Milestones in Production and Operations Management
•The Industrial Revolution
•Post-Civil War Period
•Scientific Management
•Human Relations and Behaviorism
•Operations Research
•The Service Revolution
Instruments of Exchange
Money
Types of money:
a. Near money
b.Quasi/substitute money
-assets that can easily be turned into cash,ex.certificate of deposits, bills of exchange
a. Near money
-examples are postal orders, soda machine tokens, cheques and credit cards.
b.Quasi/substitute money
Instruments of Exchange
Bank draft
Bill of exchange
Cheques
Credit cards/debit cards
Ecommerce
Internet banking/on-line banking
Electronic transfer
Money order
Tele-banking
Classification of Business Organizations
1.Service businesses
2.Merchandising businesses
3. Manufacturing businesses
provide services to customers rather than goods
1.Service businesses
sell to customers products they buy from other businesses
2.Merchandising businesses
turn basic inputs into products which are sold to consumers.
- Manufacturing businesses
Forms of Business Organization
°Organization
°Sole proprietorship
°Partnership
°Corporation
°Cooperatives
°Conglomerates
°Franchise
°Multinationals
°Nationalized Industries
is a system that groups people together towards establishing a common goal.
Business organizations are centered on creating goods and services for profit.
Organization
It is a one-person business
Sole proprietorship
It is a business relationship between two or more people
Partnership
It is an entity created by law that is independent and distinct from its owners and relies on the corporate laws of the state in which it is incorporated to continue its existence.
Corporation
entities owned by their members who purchase shares to join them.
Cooperatives
group of unrelated companies under one umbrella.
Conglomerates
some businesses begin by the owner acquiring a f________ to operate under an already existing business name. -an agreement between a franchisee(the person requesting permission to set up business) and the parent company to allow the franchisee to sell its products or services.
Franchise
Best Franchise Business Opportunities in the Philippines
Potato Corner Franchise.
Siomai King Franchise.
Master Siomai Franchise.
Zagu Franchise.
Mr. Liempo Franchise.
Aquabest Franchise.
Turks Franchise.
Bayad Center Franchise.
is a global organization directed from a main center or office. They provide employment, introduce advanced technology and provide well needed goods and services.
Multinationals
