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Entrepreneurship 1.02 Functions and types of business

This activity is to help with the understanding of the functions of business by identifying different examples or advantage/disadvantage that match the function/type of business.

AB
An example of a marking functionPlacing products in strategic locastions in the stores
An example of a marketing functionCreating a banner ad for the company
An example of human resources functionProcessing new employee' payroll paperwork
An example of human resources functionHiring, firing, and managing the company benefits and educational opportunites for employees
An example of management functionEnsuring that the organization meets goals and work with employees to accomplish goals
An example of a marketing functionPreparing a new TV advertising campaign
An example of an accounting functionPreparing an income statement
An example of infomration technology functionMaintaining email accounts, installing software apps, and maintaining hardware
An example of an accounting functionCollecting money from customers, paying taxes, and processing payroll checks
An example of an accounting functionHandling the payments made by customers
An example of a marketing functionPromoting, distributing and pricing products
An example of an information technology functionMonitoriing computer networks
An advantage of a franchiseParent company provides training for support
An advantage of a partnershipIt can be started up quickly
An advantage of a coorporationIt protects owners the most from personal financial liability
An advantage of a sole proprietorshipOwnershave complete control of the business
An advantage of a partnershipIt has unlimited legal liability shared
A disadvantage of a sole proprietorshipIt has the most risk and rewards for an individual
A disadvantage of a corporationIt requires a legal charter to start
An advantage of a corporationIt can sell stock to raise money


Teacher
Northridge MS
Charlotte, NC

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