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What is the purpose of a cost center within a business organisation?
Wiki User
∙ 13y ago
what is a cost centre
Wiki User
∙ 13y ago
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What is the Purpose of procurement in business organizations?
The purpose of procurement within a business organisation is the:extraction of maximum value from each Supplier for the benefit of the businesses goals/objectives;reduction of cost to the business over time;Elimination of cost to the business over time.
What is ' organization structures and communication channels within your organization '?
The organisation structures and communication channels within your organisation are memos, emails, telephone calls within the business etc
Define business communication?
Business communication is information given between people within an organisation. This is does for benefits.
What is the role of the finance function within a large organisation?
The role and the purpose of the accounting function can be identified 'to ensure the business's transactions are recorded and processed completely accurately and securely, and that relevant information is given to management'.
How does the social environment affect the business?
These are the factors within the organisation that you have control over such as suppliers, staff etc
What is business communication?
Business communication is nothing but, the communication between the people in the organisation for the purpose of carrying out the business activities. It may be oral, verbal, written etc. A business can flourish when all the targets of the organization are achieved effectively. For efficiency in an organization all the people (within and outside) of the organization must be able to convey their message properly. The exchange of ideas, understanding, within and outside the organization to achieve the business goals is known as business communication.
What do you mean by internal power relationship in business environment?
Refers to the Internal Politics within an Organisation between the different levels of the organisation. (Top, middle/lower Management and the employee's)
What is internal environment on an organization?
an internal environment of an organisation is the environment the organisation has control over, it simply means the environment within the organisation. In business management the internal environment of the organisation consists of its internal resource and capabilities. So what resources does the organisation have to turn inputs into outputs and does it have the skills and knowledge necessary to do so?
Why does a business value its repeat custom?
they value the repeat custom as if they can get customers to return they will make maximum profit within the organisation.
What are the contemporary issues?
1. Adding value to an organisation both the labour force and the business itself 2. Manage talent within your organisation - try to attract and keep talented and hard-working people in the organisation. 3. Globalization 4. IT 5. Business Control 6. Information-workers 7. Info-management
What are the benefit to a business if setting ethical objectives?
firstly ethical objectves are the goals set by an organisation that fall within an established set of moral guidliness or fair business practices
What are the contemporary HRM issues?
1. Adding value to an organisation both the labour force and the business itself 2. Manage talent within your organisation - try to attract and keep talented and hard-working people in the organisation. 3. Globalization 4. IT 5. Business Control 6. Information-workers 7. Info-management
