The desire to make money; see
the opportunity to make money in
Profit = revenue - expense
Businesses are also investment
opportunities for individuals for
meet wants and needs of consumers,
increase competition in the marketplace.
Records and reports financial
activity and transactions
•Collecting money from customers
•Preparing employee payroll checks
•Reconciling bank statements
Organization : assigns roles and
responsibilities of group and individuals.
Control : makes sure goals are met
Planning: develops plans and forecasts
for the future
Satisfies the needs and wants of consumers
Based on four “P’s”
Price (establishing the price of the product)
Placement (placing the product in attractive
and convenient sales locations)
Uses technology to share knowledge, facts,
and data to others (co-workers, customers,
Maintains e-mail accounts
Maintains software applications
Maintains processing systems
Maintains hardware for all technology used
Involves behind the scenes paperwork
required to complete all transactions.
Found in both the service and the
Manages “people” relations within the company
Helps workers develop the skills and knowledge
needed to be successful on the job
Responsible for hiring and firing of employees
Selects employee benefits and enrolls all
employees in the benefits (insurance, retirement,
Helps employees pursue educational
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