FACHE - ACHE BOG EXAM FLASHCARD – BUSINESS TEST QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!!
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FACHE - ACHE BOG FLASHCARD – BUSINESS
Institution
FACHE - ACHE BOG FLASHCARD – BUSINESS
FACHE - ACHE BOG EXAM FLASHCARD – BUSINESS TEST QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!!
Stakeholders - Answer-Persons who have a claim to or obtain some benefit from an organization.
Product (or service) Life cycle - Answer-Four distinct but wholly predictable -
(1) Introduction t...
FACHE - ACHE BOG EXAM FLASHCARD –
BUSINESS TEST QUESTIONS WITH
VERIFIED ANSWERS – UPDATED!!!
Stakeholders - Answer-Persons who have a claim to or obtain some benefit from an
organization.
Product (or service) Life cycle - Answer-Four distinct but wholly predictable -
(1) Introduction to the marker
(2) Growth in utilization & revenue
(3) Maturity - when utilization & revenue stablize
(4) Decline - when revenue and utilization start to fall
Portfolio Analysis - Answer-Method of assessing an organization product or strategic
business units that considers various factors including:
- competitive position
- profitability, growth and mission
Herfindahl-Hirschman Index - Answer-A measure of market concentration calculated by
squaring the market share % of each org in a market and then summing the numbers.
Forecasting - Answer-use of data from the past and present to analyze trends and
predict the future - also called scenario planning.
Five Forces Model - Answer-A frame work for analyzing the degree of competition in a
market and the ability of established orgs to influence prices.
Four Basic types of Market Structure. - Answer-(1) Perfect Competiton
(2) Monopolistic competition
(3) Oligopoly
(4) Monopoly
Four P's - Answer-Four attributes to establish market position
(1)Product (2) Price (3) Promotion (4) Place
Gantt Chart - Answer-a bar chart that lays out schedules, steps, and times frame for a
project.
Defamation - Answer-Act of making untrue Statements about another.
(1) Libel - written defamation
(2) Slander - Oral defamation
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