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Exam (elaborations)

Business EOPA Exam Study Guide with Complete Solutions

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Business EOPA Exam Study Guide with Complete Solutions What is management - Answer️️ -It is the process of accomplishing the goals of an organization through the effective use of people and resourses Functions of Management: - Answer️️ -The process of coordinating work activities so th...

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  • September 15, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • EOPA
  • EOPA
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Business EOPA Exam Study Guide with
Complete Solutions


What is management - Answer✔️✔️-It is the process of accomplishing the goals of an

organization through the effective use of people and resourses


Functions of Management: - Answer✔️✔️-The process of coordinating work activities so

that an organization's objectives are achieved efficiently and effectively with and through

other people

Vision Statement - Answer✔️✔️-expresses what the organization should become, where

it wants to go strategically

Mission statement - Answer✔️✔️-a statement of the firm's business based on a careful

analysis of benefits sought by present and potential customers and an analysis of

existing and anticipated environmental conditions

Goals - Answer✔️✔️-Things you aim for that take planning and work

Objectives - Answer✔️✔️-Tasks that are intended to be accomplished by a specific date,

and are stated in specific terms so that they are measurable

SWOT analysis - Answer✔️✔️-identifying internal strengths (S) and weaknesses (W) and

also examining external opportunities (O) and threats (T)

Strategic planning - Answer✔️✔️-the managerial process of creating and maintaining a fit

between the organization's objectives and resources and the evolving market

opportunities

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