KELOMPOK 1

NAME : ~ FEBRY ANTO BAKARA (221410302)

~ ROZI BELPIAN HUTAHAEAN (221410322)

~ DEA ANANDA BR PANDIA (221410310)

~ CLARA AXNESTESYA BR PURBA (221410312)

~ MEGA APRIYANI BUTAR BUTAR (221410306)

~ EKEL JORDAN DEPARI (221410324)

EXERCISE 4
1. Give definition to the word “business”?
Business is an organization in which exchange of goods or service to money or other
things take place.
2. What is the diference between for-profit and non-profit organizations? Support your answer
with relevant examples.
For-profit : a business that looking for-profit,
examples: mitsubshi group and general motors corporation
non-profit : a business that not looking for-profit
examples: many hospital and church
3. What is production ?
Production is a process of generating something , both goods or services,or an activity of
increasing the usability value and benefit of an item
4. Specify the notion of “just-in-time inventory?
“just-in-time inventory” is a method that aims to reduce warehouse use as much as
possible.
5. What is marketing?
Maeketing is a process of creating,delivering,or exchanging valuable to people .
6. Define such business opration as finance?
All businesses must have enough capital on hand to pay their bills, and for-profit
businesses seek extra capital to expand their opration
7. What does the HRM involve?
HRM they are then responsible for recruiting new employees to replace those who leave
and for filling newly created position.