Busn 201 - Study guides, Class notes & Summaries

BUSN 201 MIDTERM EXAM QUESTIONS AND ANSWERS ALL CORRECT Why is celebrity marketing effective? - Answer-Due to the subconscious association to the celebrity when purchasing said product. Define the use of locations/places within the scope of marketing. - Answer-Cities, states, or countries often compete for tourists, and therefore marketing said places attracts tourists. Ex: "what happens in Vegas stays in Vegas"=> marketing Vegas as an adult playground. Why is information on trend...

BUSN 201 Exam 3 Questions and Answers All Correct Enterprise Resource Planning (ERP) - Answer-a suite of applications called modules, a database, and a set of inherent processes for consolidating business operations into a single, consistent, computing platform Artificial intelligence - Answer-a subdiscipline of computer science that attempts to simulate human thinking Paula Gordon just completed an important job interview as an applicant. She is home now. What should she do? - Answer-Se...

BUSN 201 Midterm A Questions &Exam (elaborations) answers 100% satisfaction guarantee

fiscal policies - ️️government influence on the amount of savings and expenditures, accomplished by altering the tax structure and by changing the levels of government spending invisible hand - ️️a term created by Adam Smith to describe how an individual's personal gain benefits others and a nation's economy Technical Skills - ️️skill required to accomplish a specific kind of work being done in an organization. (managers may not perform but should be able to train employe...

BUSN 201 Exam 1 Questions With Revised Answers As factors of production--equipment, buildings, vehicles, and cash are considered - answercapital a is any activity that provides goods or services to consumers for the purpose of making a profit - answerbusiness as a producer and seller of athletic shoes, apparel, and equipment, Nike sells - answergoods An unwritten rule and school/workplace ethics is - answertexting on cellphones during class and during meetings the primary value of a pro...

BUSN 201 Exam 2 Questions With Revised Answers Ethical - answerability and willingness to distinguish right from wrong when you're practicing one or the other business ethics - answerapplication of ethical behavior in a business context stakeholders - answerparties who are interested in the activities of a business because they're affected by them how do you recognize an ethical organization? - answer- treating employees, customers, investors, and the public fairly - making fairness a...

Busn 201 Final Exam Questions With Revised Answers Responsible management (25) - answerassumes responsibility for the triple bottom line (sustainability), stakeholder value (responsibility), and moral dilemmas (ethics). Prime management (26) - answerrefers to superior management practice leading to performance that, at the same time, is socially, environmentally, and economically sustainable. Responsible business (27) - answerassumes responsibility for the triple bottom line, stakeholder ...

BUSN 201 Exam Questions With Revised Answers The majority of product ideas come from *Marketing consultants *small sized organizations and entrepreneurs *large organizations *medium-sized organizations - answerSmall sized organizations and entrepreneurs By making Christmas decorations available the day after Thanksgiving, Holly's Holiday Shop is offering customers what kind of utility? *place utility *Time utility *ownership utility *form utility - answerTime Utility When a Domino...

BUSN 201 Exam 3 Questions With Revised Answers As mentioned in the textbook, Jonathan Swift likened _____ to "cobwebs" because they seem to stretch in every direction to catch innocent flies while failing utterly to stop wasps and other creatures responsible for much greater crimes against human comfort. businesses laws- lawmakers bureaucracy - answerLaws In court, the _____ is the party filing the complaint, while the _____ is the party charged in the complaint. district attorney /...

©THEBRIGHTSTARS 2024 3) First-line manager - a manager who coordinates and supervises the activities of operating employees. First-line managers spend most of their time working with and motivating their employees, answering questions, and solving day-to-day problems. 6. Key skills of successful managers - answer1) Conceptual skills - the ability to think in abstract terms 2) Analytic skills - the ability to identify problems correctly, generate reasonable alternatives, and select the ...