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BUSM 180 (Midterm Review: Zoom & Reading Quizzes) – Q’s And A’s
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BUSM 180 (Midterm Review: Zoom & Reading Quizzes) – Q’s And A’s
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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,
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