Marketing Essentials

Section 2: Management Functions

After You Read Online Action

Key Terms and Concepts

1. The basic functions of management are planning, organizing, and controlling.
2. Delegating means giving jobs or duties to other people to do rather than trying to do it all yourself.
3. The purpose of assessing employee performance is to develop better workers and a more effective and profitable company.

Academic Skills

4. $96,525; $13.75 per hour X .075 = $1,03125 per hour; $1.03125 X 1,800 hours per week = $1,856.25 per week; $1,856.25 X 52 weeks per year = $96,525
5. Reports should demonstrate an understanding of ethical policies regarding working conditions.