Unit 3 · 5 lessons
Business Functions
Run the four core jobs inside every business with one student venture, Class Act Hoodies: making the product, marketing it, tracking the money and impact, and managing the people who do the work.
- 45 practice questions
- 39 flashcards
- 2 interactive lessons
Lessons
- 1Operations: Making the Product or Delivering the ServiceOperations turns inputs into outputs through a series of steps, and a good process is measured by time and cost per unit, quality, safety, ethics and sustainability.10 questions
- 2Marketing: The Three Cs and Four PsMarketing starts by studying the company, the customer and the competition, turns what makes you different into a mission statement and value proposition, then builds a marketing mix of product, price, place and promotion for each target market.Interactive9 questions
- 3Accounting: Tracking Cash and Reading StatementsAccounting tracks every dollar in and out with a running balance, summarizes performance on an income statement and position on a balance sheet, and builds trust only when it is honest.Interactive9 questions
- 4Non-Financial Reporting and ImpactNon-financial reporting measures a business's environmental, social and governance impact, and it builds trust only when the measures are specific, honest and compared with a starting point.8 questions
- 5Managing PeopleManagers plan, organize, lead and control, and they must treat people ethically and follow Ontario's employment, human rights, health and safety and privacy rules when handling human-resource issues.9 questions