Busn 201 test - Study guides, Class notes & Summaries

BUSN 201 Test Questions with Complete Solutions Creating responsible supply chains within SMEs: - Answer-1. Understanding of business principles. 2. The champion and low-hanging fruit. 3. Integration and challenges. 4. Business benefits. Understanding of business principles - Answer-The management must understand what responsible management is and how it can operate responsibly. This will be based on the organization's core values and then putting them into action. The champion and...

BUSN 201 TEST WITH COMPLETE SOLUTIONS ALL CORRECT Social innovation - Answer-The entrepreneur is the hero invents new concepts such as micro loans Value proposition and social mission - Answer-Creating social value is the core of achieving a social mission Socialized ownership and control - Answer-Democratic frameworks encourages reciprocity between all members Business responsibility - Answer-Voluntarily assuming accountability for social, environmental and economic stakeholder iss...

BUSN 201 Midterm Test Questions and Answers All Correct business plan - Answer-1. know your customer 2. know why you will win 3. know how you will win 4. know what it will take to win 5. demonstrate why others should believe in you Franchising - Answer-selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits Franchise Advantages - Answer-brand recognition pre-launch purchasing power mark...