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BF10 3.02-3.03 KEY TERMS

AB
Human resourcesPeople who work to produce goods or services.
Information managementThe process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision-making.
Management functionGroups of activities related to management (i.e., planning, organizing, staffing, directing, and controlling).
Management information system (MIS)An integrated technology that assists with an organization’s information management needs.
StaffingA human resources management activity that involves recruiting, interviewing, hiring, orienting, and dealing with job changes for a company’s employees.
Strategic planningLong-range planning (three to five years) for the company as a whole.
Tactical planningShort-range planning (one year) of specific actions the business will take.
CourtesyPolite behavior; good manners.
Customer relationsAll the activities a business engages in to interact with its customers.
Customer serviceActivities and benegits provided by a business to its customers to create goodwill and customer satisfaction.
Internal customersThe people (i.e., employees) who work cooperatively together to achieve business goals.
ProductivityThe amount and the value of goods and services produced (outputs) from set amounts of resources (inputs).
Word-of-mouth promotionPromotion for a business provided by customers who tell others of their satisfaction with the business.


Business Teacher
NC

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