Describe the five functions of business

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1. Identify and briefly describe the five functions of business.

2. "Business may be organized by an individual, by mutual agreement of two or more persons or by an association of persons, or else it may be organized by a number of persons as a joint stock." What possible factors would you consider before you choose among these particular forms of organization?

3. Define HRM and briefly explain the functions of HRM.

4. Assume you have undertaken a new product development project. Currently you explore ways of promoting this new product of your company as a part of preparation to launch it to the targeted market. Discuss the four elements of promotional mix you will use and give an example for each.

5. "Whether the owner of a small company or the chief financial officer (CFO) of a major corporation, a financial manager must grapple with three fundamental concepts of financial management." Explain.

6. Discuss the relationship between competitiveness, operations strategy and productivity.

Reference no: EM133170178

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