Exam (elaborations)
BUSM 180 (Midterm Review: Zoom & Reading Quizzes) – Q’s And A’s
- Course
- Institution
BUSM 180 (Midterm Review: Zoom & Reading Quizzes) – Q’s And A’s
[Show more]
Content preview
BUSM 180 (Midterm Review: Zoom & Reading Quizzes)– Q’s And A’s
True or False: Ideas + people + money = a well-functioning business. Right
Ans - False
Ideas + people + money DOES NOT equal a well-functioning business.
According to the textbook, which is not one of the 4 basic business functions?
Finance
Marketing
Operation
Accounting
Production Right Ans - Operation
What are the 2 E's of performance? Right Ans - Effective and Efficient
Which of the following are apart of the 4 major groups of stakeholders? (Pick
4)
Owners
Managers
Society
Employees
Profit
Customers Right Ans - Owners, Society, Employees, Customers
What term refers to an activity that has intangible characteristics and that
provides satisfaction or benefits?
Profit
Good
Service
Product Right Ans - Service
T/F: You have to measure all costs. Right Ans - True
,What is the coolest and best definition of being successful?
Success is the progressive realization of a worth while goal.
Success is completing your goal.
Success is having lots of money.
Success is doing nothing and making money. Right Ans - Success is the
progressive realization of a worth while goal
T/F: Making money and passive earning are the same thing Right Ans -
True
What are the four P's of Marketing?
People
Presentation
Product
Price
Promotion
Place Right Ans - Product, Price, Place, Promotion
McDonald's sell rice burgers in some Asian countries. Which market segment
can best describe above?
Psychographic
Demographic
Geographic Right Ans - Geographic
When you sign up for personal training, you get a free massage. The free
massage offer above is an important marketing mix, called:
Cost
Price
Service
Advertisement Right Ans - Service
Placing your store on a busy street will help many people to see it, but the
downside is that it also has higher rent. Low traffic locations will have less
people on it, but it will also have lower rent. Online retail requires search
engine optimization.
, The marketing mix describe above is called:
Stores Analysis
Survey
Location Target
Distribution Channel Right Ans - Distribution Channel
T/F: Markets are characterized by uncertainty and risks. Right Ans - True
___ ____ the cost of what you gave up doing when you committed to the course
of action you chose Right Ans - Opportunity Cost
T/F: When asking a good question, you should explain what you know first
and then ask your well thought out question. Right Ans - True
People that understand interest ____ it. Those that don't understand interest
____ it. Right Ans - 1) Earn
2) Pay
According to PJ, the customer is ...
Wrong
Right
King
Profit Right Ans - King
Which of the following are Business Functions?
Marketing
Operation
Finance
Revenue
Production
Research & Development
Profit
Accounting Right Ans - Marketing,
Finance,
Production,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now