Wgu c201 business accumen - Study guides, Class notes & Summaries

Production - ANSWER Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - ANSWER Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. In what ways does production create value for the company and its customers? - ANSWER Can lower produc...

WGU C201 Business Acumen, Questions and answers, 100% Accurate. VERIFIED. balanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to cover the costs of the annual budget are budget deficit situation in which the government spends more than the amount of money it rais...

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