WGU C201 BUSINESS ACUMEN SIMPLIFIED QUESTIONS AND ANSWERS FOR QUICK UNDERSTANDING.
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Course
Health Care
Institution
Health Care
team - ANSWER-what is not a non-traditional marketing technique
people - ANSWER-what is a non-traditional marketing technique you would use to market yourself as a real-estate agent
marketing mix - ANSWER-the 4 P's product, place, promotion, price make up what
learned experience, perceptio...
WGU C201 BUSINESS ACUMEN SIMPLIFIED
QUESTIONS AND ANSWERS FOR QUICK
UNDERSTANDING. A+ GRADE
team - ANSWER-what is not a non-traditional marketing technique
people - ANSWER-what is a non-traditional marketing technique you would use to market
yourself as a real-estate agent
marketing mix - ANSWER-the 4 P's product, place, promotion, price make up what
learned experience, perception, self-concept - ANSWER-name three personal, determinants that
influence your consumer behavior
demographic and geographic - ANSWER-what market segmentations are used in B2B and B2C
psychographic - ANSWER-targeting consumer markets based on lifestyle is what kind of
segmentation
comparative advantage - ANSWER-the advantage of being able to offer a product at a much
lower price than a competitor is
new businesses - ANSWER-B2B relationship marketing is easier to create with
mass - ANSWER-which type of production carries the highest inventory
customer driven - ANSWER-which type of productions has little to no finished inventory
flexible - ANSWER-which type of production utilizes the most information technology
(automation).
mass production - ANSWER-which type of production requires the highest level of skilled
workers
accuracy, faster - ANSWER-what are two advantages to computer aided manufacturing
lights out facility - ANSWER-what do we call a facility hat can utilize computer-integrated
manufacturing to produce a product from start to finish
MRP (materials requirement planning) - ANSWER-the computer based planning system used by
production managers to ensure parts and materials are on hand
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fixed-position - ANSWER-a process lay-out where all of the materials must be brought to the
product being manufactured
product - ANSWER-this type of process lay-out is used when we have an assembly line
high quality, decreased cost - ANSWER-what is the outcome of good production managment
increased quality at a lower cost - ANSWER-what increases satisfaction and dependability
sis-sigma - ANSWER-no more than 3-4 defects per 1 million opportunities is the best outcome
of which quality methodology
fiscal - ANSWER-which policy is used to manage the economy using government spending and
taxation
sesonal - ANSWER-which type of unemployment is the employee expecting to be unemployed
for a portion of the year
structural - ANSWER-which type of unemployment is a result of not having necessary skills for
a job
inflation - ANSWER-a specific economic situation when price and demand rise together
reduce - ANSWER-as a business is it best to reduce spending or increase spending in a high-
inflation environment
low-inflation - ANSWER-as a business which environment is best to make captial improvments
monopoly - ANSWER-which type of competition requires government regulation for entry
pure - ANSWER-which type of competition is the easiest to enter
demand curve - ANSWER-what is the name of the graph that we use to demonstrate demand
equilibrium price - ANSWER-what is the point where supply and demand curves intersect
micro - ANSWER-is the study of supply and demand a micro or macro economic issue
macro - ANSWER-when federal taxes are reduced is that micro or macro
macro-economics - ANSWER-when a tariff is increased on importing produce, is that micro or
macro
middle, supervisory, top - ANSWER-name the three tiers of management
achieving organizational objects - ANSWER-management is the process of
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