MGMT 2150 Study Guide - Final Guide: Management Accounting, Operations Management, Financial Accounting

• School: University of Guelph
• Department: Management
• Course: MGMT 2150
• Professor: Mir Lotfi

Document Summary

Products / services they can make money from. Companies like starbucks provide both, the comfort that they supply is a service. Manager - (not an owner) manages the resources of the company but pays the owner. Ex: i own a car, but allow my friend to run an uber business with it, he makes some money (managing the car) but pays me to use it. (the car is like a company) The person we ful ll the needs for. Government* - the have laws and regulations, and collect taxes. Planning, organizing, sta ng, directing, and controlling a company"s resources. What to do with the products once you get it and them. Where they go after the product is built. Convincing the customer that they need/want your product. Promotions to try and get the customer into the store. Figuring out (research) what the customer needs and guring out how to get that to them.