The basic functions of a firm or organization.
Not what you're looking for?
What are the three basic functions of a firm? Do all firms/organizations (Private, Government, Not-for-profit) perform these three functions?
Purchase this Solution
Solution Summary
Discussion of the three basic functions of a firm or organization and if all firms whether government, not for profit, or for profit participate in all functions.
Solution Preview
Three basic functions of a company are to earn a profit, to be socially relevant, and to innovate. Each of these is vital to a company's success. All companies, large, small, non-profit, for profit, and governmental agency must do all three to remain solvent in today's marketplace.
To earn a profit is vital to continuing to do business. Without having the profits, resources cannot be purchased and used, time ...
Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.