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Unit 1 The Industry & Business of Hospitality

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Term
Definition
show is a group of people organized to improve themselves, their profession, and their industry. Also called professional organizations. Examples include the National restaurant association and the hotel and lodging association.  
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show is the form of business ownership in which only one person owns a business  
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show is a form of business ownership in which two or more people own the business  
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show are the people who own stock in a corporation and earn income from the profits earned by the corporation paid in dividends  
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show is a legal entity established for the purpose of doing business and run by a hired CEO or manager. A board of directors hires the CEO to manage the business in the interests of stockholders.  
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show is a business that has more than one establishment under the same name and the same ownership  
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show the right to do business using the brand and products of another business.  
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functions of management   show
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show consists of setting goals and developing methods(steps) for meeting those goals  
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plan   show
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show the day to day planning or running of a business  
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organizing   show
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staffing   show
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delegate   show
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organizational chart   show
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show influencing people to accomplish the goals of the business  
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controlling   show
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Created by: janice ritchey
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