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Author Question: Describe the five basic functions that are performed in the operation of a small business. What ... (Read 43 times)

tichca

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on: Jul 21, 2018

Describe the five basic functions that are performed in the operation of a small
  business.


 
  What will be an ideal response?

Question 2

Discuss the different steps that are required when planning a business venture.
 
  What will be an ideal response?


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debra928

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Reply #1 on: Jul 21, 2018
Answer to Question 1

The five basic functions that are performed in the operation of a small business are the
buying function, selling function, promoting function, distribution function, and the financing function.



Answer to Question 2

The different steps that are required when planning a business venture include selecting
a product or service by analyzing potential products/services to determine the potential
demand. This is followed by organization and managements, short and long-term
planning, actuating, controlling and evaluating



tichca

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Reply 2 on: Jul 21, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Excellent

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