Organizational buyers - Study guides, Class notes & Summaries

market - Answer-people with both the desire and the ability to buy a specific offering target market - Answer-one or more specific groups of potential consumers towards toward which an organization marketing program marketing mix - Answer-the controllable factors-promotion, price, product, and place-that can be used by the marketing manager to solve a marketing problem customer value - Answer-the unique combination of benefits received by targeted convenience, on-time delivery, and both be...

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. 2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1.Retaine...

Define and Understand Business correct answers An organization that provides goods, services, ideas and/or experiences in an effort to accomplish their organizational mission Strategic Business Planning Includes correct answers Operations, Finance, Marketing, And Human Resources Profits correct answers Difference between a business's revenue and expenses Profit = Income - Expenses For perfect or pure competition to exist, two conditions must prevail: correct answers 1. All firms in an ...

WGU C201 Business Acumen Chapters 3 & 7: Economics and Organizational StructureFactors Influencing Demand - correct answer Demand is driven by price, consumer preferences, the economy, the number of buyers in a market, customer incomes, price of substitutes and complimentary items. Factors of Production - correct answer Natural resources, capital, human resources and entrepreneurship. What is the key factor influencing demand? - correct answer Price Demand Curve - correct answer ...

WGU D077 Questions and Answers 2023/2024 Score A+. The role of marketing in a firm's business strategy. The role of the company's marketing department is to ensure that the company and its products provide value to the customers it wants to attract. Name the 6 steps in the sales process Prospecting and Qualifying Approaching customers Presenting and demonstrating the product Handling objections Closing Following up Product Life Cycle Introductory: Low sales, Little or no profit, Ofte...

WGU D077 Questions and Answers Latest Updated 2024/2025 | Already Passed | Graded A+. The role of marketing in a firm's business strategy. The role of the company's marketing department is to ensure that the company and its products provide value to the customers it wants to attract. Name the 6 steps in the sales process Prospecting and Qualifying Approaching customers Presenting and demonstrating the product Handling objections Closing Following up Product Life Cycle Introductory: Lo...

Exchange - correct answer Trade of things of value between buyer and seller so that each is better off after the trade. Marketing - correct answer Activity of creating, communicating, delivering and exchanging offerings that benefit the organization, its stakeholders, and society at large. Environmental Forces - correct answer Uncontrollable forces in a marketing decision involving social, economic, technological, competitive, and regulatory forces. Market - correct answer People with t...

Narrowly, what is a price? - Answer-Narrowly, price is the amount of money charged for a product or service Broadly, what is a price? - Answer-Broadly, price is the sum of all values that consumers exchange for the benefits of having or using the product or service Price is not just money, think of price as - Answer-sacrifice Example of price - Answer-$88 boots from amazon versus exact same pair at Dillards for $88 as well. The price here is wait-time, trying them on, or convenience. The ...

What uncontrollable marketing element provides user input as to how the company delivers upon its value proposition? Quality control inspections Product delivery schedule Competitive elements Consumer feedback - Answer Consumer feedback Which controllable marketing function should a company use to achieve its firm-level goals and to satisfy the target customers' needs and wants? Sales Promotion Production Product - Answer Product Which controllable element is included in the m...

C201 Business Acumen Accurate 100% Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? A. Promoting vision B. Evaluating results C. Turning strategy into action D. Determining the specific activities - ANSWER B. Evaluating results What is the result of a company increasing the delegation of authority and the span of control? A. Centralized decision making B. Increased number of ...