Bsm final - Study guides, Class notes & Summaries

TMU BSM 100 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+TMU BSM 100 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

What is the first problem entrepreneurs face? - The gap in the market What 4 things make a successful business? - Team, Marketing, Finances, Operations Examples of a businesses external environment - Suppliers, Consumers, Political and Economic Issues

TMU BSM 100 Final Exam Questions and Answers Marketing -Answer-determining the needs and wants of others and providing a good or service to satisfy those wants or needs Three part Business/Marketing Philosophy -Answer-A customer Orientation Find out what consumers want and provide it for them A service orientation Everyone from the president of the firm to the delivery people should be customer- oriented A profit orientation Focus on those goods and services that will earn the most prof...

BSM 100 Final exam

income statement -Answer-shows the revenue of a firm earned selling its products compared to its selling costs (profit or loss) over a specific period of time a balance sheet can also be known as? -Answer-statement of financial position Fundamental accounting equation? -Answer-Assets = liabilities + owner's equity assets -Answer-economic resources that are owned by the firm liabilities -Answer-what the company owes equity -Answer-all that the owners have invested liquidity -Answer-refers...

: Introduction to business management for the entrepreneurChapter 1: Introduction to business management for the entrepreneur 1. Cyril and Cindy used _______ as factors of production to manufacture the curtains and blinds. (pg 9) 1) Entrepreneurship, capital, money and labour 2) Entrepreneurship, creativity, capital and labour 3) Entrepreneurship, capital, labour and natural resources 4) Entrepreneurship, labour, natural resources and skils 2. Consumers wanted curtains made according to their in...

TMU BSM 100 Final Exam Questions with 100% Correct Answers | Updated & Verified 2024 Marketing - answerdetermining the needs and wants of others and providing a good or service to satisfy those wants or needs Three part Business/Marketing Philosophy - answerA customer Orientation Find out what consumers want and provide it for them A service orientation Everyone from the president of the firm to the delivery people should be customer-oriented A profit orientation Focus on those goods a...

BSM 1602 EXAM BANK MAY 2015- MAY 2019 BUSINESS MANAGEMENT 1B OCTOBER/ NOVEMBER 2014 Chapter 1: Introduction to business management for the entrepreneur 1. Cyril and Cindy used _______ as factors of production to manufacture the curtains and blinds. (pg 9) 1) Entrepreneurship, capital, money and labour 2) Entrepreneurship, creativity, capital and labour 3) Entrepreneurship, capital, labour and natural resources 4) Entrepreneurship, labour, natural resources and skils 2. Consumers wanted ...