Generates sales of output - Study guides, Class notes & Summaries

Price the value paid for a product in a marketing exchange. Price is often the only thing a marketer can change quickly to respond to changes in demand, the actions of competitors, or the marketing environment. Value a customer's subjective assessment of benefits relative to costs in determining the worth of a product Factors influencing the assessment of value time constraints, price levels, perceived quality, and motivations to use available information about prices ba...

Corporate Level Strategy specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. (Helps companies to select new strategic positions that are expected to increase the firm's value.) Single-business diversification strategy corporate level strategy wherein the firm generates 95% or more of its sales revenue from its core business area. Dominant-business diversification strategy...

Finance - Answer Acquires financial resources and capital for inputs Marketing - Answer Generates sales of outputs Operations - Answer Translates materials and services into outputs Process - Answer Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation - Answer A group of resources performing all or part of one more processes Supply Chain - Answer An interrelated series of processes within a...

Big three areas chart : Finance--> Material and Service Input-->Operations--> Product and Service Outputs-->Marketing--> Sales revenue--> back to finance Finance : Acquires financial resources and capital for inputs Operations : Translates materials and services into outputs Marketing : Generates sales of outputs Support Functions : -Accounting 2 | P a g e -Information Systems -Human Resources -Engineering Process (Inputs-->Process-->Output) : Any activi...

Finance : Acquires financial resources and capital for inputs Marketing : Generates sales of outputs Operations : Translates materials and services into outputs Process : Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation : A group of resources performing all or part of one more processes 2 | P a g e Supply Chain : An interrelated series of processes within and across firms that produces ...

ERP SAP 200 Questions with Verified Answers SAP ERP includes the following (2 are correct) a. SAP Customer Relationship Management b. SAP Supply Chain Management c. SAP NetWeaver d. SAP ECC Core - CORRECT ANSWER c. SAP NetWeaver d. SAP ECC Core The new capabilities included in an enhancement package focus on which of the following areas: (2 are correct) a. Simplification b. Extendibility c. Functionality d. Technical Delivery - CORRECT ANSWER a. Simplification c. Funt...

MGSC 395 Exam 1 Precht Questions And Answers With Verified Study Solutions MGSC 395 Exam 1 Precht Questions And Answers With Verified Study Solutions

TEST BANK for Macroeconomics in Modules, 3rd Edition by Paul Krugman, Robin Wells. All Chapters (Complete download). 1248 Pages Test Bank for Macroeconomics in Modules, 3e Paul Krugman, Robin Wells (All Chapters) Chapter 1 1. Scarcity in economics means: *a. we do not have sufficient resources to produce all the goods and services we want. b. the wants of people are limited. c. there must be poor people in rich countries. d. shortages exist in nearly all markets. 2. If resources ar...

Retained profits profits that the owners have reinvested into the business after paying costs and taxes Owners' funds money put in by the owners themselves Sale of assets a one-off way to raise money, generally used during financial struggles Benefits of owners funds Avoids interest on loans Owners keep complete control Disadvantages of owners funds If it fails after remortgaging, they could lose their house Limit to amount raised Short term finance examples overdrafts for daily ex...

Moore's Law - correct answer The cost of data communications are data storage is essentially zero. MIS - correct answer future business professionals need to be able to assess, evaluate, and apply emerging information technology to business. Four components of cognitive skills - correct answer Abstract reasoning , system thinking, collaboration, abil...