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Match these parts of the business definition to the following real-life situations.Production of goods Distribution of goods Sale of goods Sale of services
Examples: Iron ore is made into metal car parts. A car is moved from a factory to a car dealership. A salesman sells a car. An auto mechanic repairs a car. 1. A shipment of grain is transferred from a boat to a truck. ____ 2. A chemical plant turns raw materials into fertilizer. 3. A salesman from a concrete from his company. 4. A warehouse ships books to a bookstore. ____ 5. A computer manufacturer receives 6. A dentist repairs a child's broken 7. A train moves truck parts across
8. A grocer exchanges groceries 9. A waitress takes your order 10.A farmer plants vegetables for harvest in the fall. Company structure
Board of Directors
At the top of the company hierarchy is the Board of Directors,headed by the Chairpersonor President.The Board is responsible for policy decisions and strategy. It will usually appoint a Managing Directoror Chief Executive Officer,who has overall responsibility for the running of the business. Senior managersor com pany officershead the various departments or functions within the company, which may include the following. A Marketing B Public Relations f Production Ñ Information Technology or IT g Research and Development or R and D Date: 2016-01-05; view: 1908
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