Nama : Andini Oktavianti

Npm : 202110094

MANAJEMEN (G)

YOUR ANSWER SHEET FOR TAKE HOME ASSIGNMENTS

TAKE HOME ASSIGNMENT 1 ( page 2 )

Answer the questions based on the reading passage of unit 1 : introduction into business English

1. Give definition to the word “ business”

Answer : business is an organized approach to providing customers with the goods and services they
want.the word business also refers to an organization that provides these goods and services.most
businesses seek to make a profit - that is,they aim to achieve revenues that exceed the costs of
operating the business.

2. What is the difference between for-profit and non-profit organizations ? support your answer with
relevant examples.

Answer : for-profit organizations are profit –seeking that is ,they aim to achieve revenues that exceed
the costs of operating the business. Examples of for-profit businesses include the Mitsubishi
group,general motors corporation,and the royal dutch/shell group.non profit commonly called non-
profit,these organizations are primarily non-governm nental services providers.examples of not-for-
profit businesses include organizations suchas social service agencies,foundations,advocacy groups,and
many hospitals,business operations various operations keep businesses.

3.What is production ?

Answer : production includes the activities involved in conceptualizing,designing,and creating products

and services.

4. Specify the notion of ‘ just-in-time inventory ‘

Answer : Another important development is the trend of just-in-time inventory.the word Inventory
refers to the quantity of goods a business holds for wholesale or retail.In just-in-time
inventory,companies keep only what is needed for the next day or two.many businesses rely on
fast.global computer communications to enable them to respond quickly to changing consumer
demands.thus,inventory is minimized and businesses can invest more in product research,development
and ,marketing.
5. What is marketing ?

Answer : marketing is the process of identifying the goods and services that consumers need and want
and providing these goods and services at the right price,place and time.businesses develop marketing
strategies by conducting research to determine what products and services potential customers think
they would like to be able to buy.

6. Define such business operation as finance

Answer : finance involves the management of money,other general financial activities include
granting,monitoring,and collecting credit or loans and ensuring that customers pay bills on time.the
finance division of each business must also establish a good working relationship with the bank.this is
especially important when a business wants to get a loan.

7. What does the HRM involve ?

Answer : Businesses depend on effective human resource (HR) management to ensure that they hire
and retain good employees, and that they are able to respond to conflicts between workers and
management. The HRM specialist initially determines the number and types of employees the business
will need during its first few years of operation. They are then responsible for recruiting new employees
to replace those who left and to fill newly created positions