MY ENGLISH BUSINESS BLOG

  Answering 1. If I had a business, it would be in the cake industry and my target audience would be people who like minimalistic cakes/cupcakes for birthdays. 2. By serving their wants instead of needs. 3. There isn't just one since a lot of people prefer customized cakes instead of a standard design. 4. I would run 4 different ones throughout the year since I would do seasonal flavors. 5. No, it is a very open field. 6. Word of mouth and I would have a signature design that can be customized but still recognizable.

  Name: Judith González Cardona NUA: 117532 Task 1 Marketing What is the definition of Marketing? When we think of marketing in business we refer to the strategies that are used and implemented so everybody knows about your business, or at least it may reach our target audience and potential customers. What is understood as Market in business? The audience or potential audience a business may have, for example if you are a parent you are a potential customer for toys and therefore the desired market of toy manufacturing companies.  What is the purpose of Marketing? It makes us reach our market, so potential customers find out about the business that is being marketed (services or products) or customers we already have find out about new promotions. Why is Marketing important?  Because it would be hard for people to find out about new businesses if this tool was not used, and businesses would see increases in sales at a very slow pace. What are the different types of Marke...

  Name: Judith González Cardona NUA: 117532 Task 1 Quality Management  What is Quality Management?  It is the act of implementing evaluations that try to ensure that the quality of a service or product improves, decreasing the marginal percentage of errors and mistakes that might develop throughout the production process. It can be implemented through quality control or assurance, the main difference between these two is that the fist one inspects the process and takes out any defective product that might have risen, the second concept has a more efficient approach that actively tries to avoid the mistakes instead of taking them out, building the quality in and incorporating it as much as possible. What is the objective of Quality Management?  To reduce the development of underqualified products and avoid these reaching our final customer, this helps businesses differentiate from their competition and reduces costs of marketing since building a loyal customer base be...

  Name: Judith González Cardona NUA: 117532 Task 1 Resource Management study guide questions. What is Resource Management? It is a skill or methodology that must be acquired in order for a business to succeed, like its name estates - it manages the way businesses need to handle their raw or processed material in order to maximize their profits.  Mention what is the importance of Resource Management in business. The importance of having an overall control of Resource Management relies in the profits that the company can make with the material that is available during a period of time. What are the Concepts and Components of Resource Management?Define them in detailed. Three aspects to consider Definition of resource managing : a way to produce output in a civil manner, I need to know exactly what I am working with, what is my purpose, the way my people work - or even more detailed aspects of the company like human resources, assets, facilities, etc. Availability : the amount of...

  Name: Judith González Cardona NUA: 117532 Task 1 Human Resources Define Human resources. It refers to the assigned area in an organization or business that deals with human interactions and litigates issues that may arise, for example disputes, sexual assault, harrasment, etc. They also deal with other activities like recruiting new employees, motivating others to do better and implementing programs that help the workers acquire new skills. What is the role of human resources? Define in detail. It is to help fellow coworkers litigate their issues and find a way to resolve them, whether this may be taking it to court, talking it over, transferring someone out of the company, etc. The role they play is very important since in order to make a business work the employees have to interact in a pacific manner. What is Capital? It refers to the assets we have in favor of the company and anything else that may help the organization earn a larger profit, for example, intellectual property...