Strategic management Flashcards
1
Q
Name 4 types of company structures
A
Traditional
Flat
Satellite
Individualistic
2
Q
Name 5 functions of a manager
A
Ensure resources are used in the best way to produce profit
Account for environmental, social, ethical and legal aspects
Sets company policy
Sets company strategy
Sets company objectives
3
Q
What does market planning entail ?
A
Converting customer purchasing power into demand
Delivering a product at a target profit
Seeking out new opportunities
Demanding clients seek improved value for money
4
Q
Name 7 types of businesses
A
Sole proprietor Partnership Closed corporation Private company Public company State owned company Trust
