Assignment: Small Business Basics
you know about stages of developing a business, company departments, success and failure factors, and ethics.
Answer the following questions:
1: Why is the production department of a company important?
2: Why is the finance department of a company important?
3: Why is the marketing department of a company important?
4: Why is the customer service department of a company important?
5: If you were forming a company, which department would you create first, and why?
6: Think of a company you know of that has been successful. Discuss the 3 factors of success that you think were the most important to this company, and explain why these factors were important.
7: Describe the 3 factors of failure that you think can hurt a company the most, and explain why these factors are so bad for a company.
8: Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. Explain at least two things the company could do to help make sure that employees aren't tempted into unethical behavior by conflicts of interest.