Intro to business exam 1 - Study guides, Class notes & Summaries
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CSUF MKTG 351 Final Exam Review (Ron Imus MKTG 351 Final Exam Review) Rated 100% Correct!!
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CSUF MKTG 351 Final Exam Review (Ron Imus MKTG 351 Final Exam Review) Rated 100% Correct!! 
 
Promotional Mix 
1) advertising 
2) public relations 
3) sales promotions 
4) personal selling 
5) social media 
promotion 
Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response 
promotional strategy 
a plan for the optimal use of the elements of promotion to elicit a particular response; main goal is to convin...
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Intro to Business Exam 1 Questions & Answers 2023/2024
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Intro to Business Exam 1 Questions & Answers 2023/2024 
 
 
What is the primary focus of a profit organization? - ANSWER-To make a profit. 
 
What are the four functions of management? - ANSWER-Planning, organizing, controlling, and leading 
 
What are the factors of production used to make goods and services? - ANSWER-quality products, efficient operations, social responsibility, and business ethics. 
 
What is Communism? - ANSWER-Owned and operated by by government. No competition, the governm...
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Intro to Business Exam 1 GEB: 1011Questions with Correct Answers
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Intro to Business Exam 1 GEB: 1011Questions with Correct Answers
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Intro to Business Exam 1 questions & answers graded A+ passed
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Intro to Business Exam 1 questions & answers graded A+ passed
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INTRO TO BUSINESS EXAM 1 BUSAD 151 questions with correct answers
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Chapter 1 Answer 
 
Business Answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs 
 
Goal of business Answer to make money or to make a profit 
difference between a business and nonprofit? 
"to make a profit" does not apply to a nonprofit organization, but both are involved in management, finance, human resources, marketing, operations, sales, etc. 
 
What are you doing when you purchase a product? Answer buying the benefits and satis...
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HCCA CHC Exam Prep | 750+ Questions and Verified Answers| 2023/ 2024
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HCCA CHC Exam Prep | 750+ Questions and Verified Answers| 2023/ 2024 
 
Q: True of False: 
A self-audit is an examination or inspection for providers in reducing non-compliance. Self-audits can lower chances of an external audit and create a robust culture of compliance 
 
 
Answer: 
True 
 
Source: CHC Exam Secrets Study Guide 
 
 
 
Q: CMS released areas of high-risk fraud, some of those include: 
A. Sudden changes in billing and billing inappropriate specialties 
B. Billing of inappropriate d...
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Intro to Business Exam 1 With 100% Correct Answers
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Intro to Business Exam 1 With 100% Correct 
Answers 
What is the primary focus of a profit organization? - answerTo make a profit. 
What are the four functions of management? - answerPlanning, organizing, controlling, and 
leading 
What are the factors of production used to make goods and services? - answerquality 
products, efficient operations, social responsibility, and business ethics. 
What is Communism? - answerOwned and operated by by government. No competition, the 
government owns and o...
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Intro to Business Exam 1 With 100% Correct Answers
- Exam (elaborations) • 5 pages • 2024
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Intro to Business Exam 1 With 100% Correct 
Answers 
What is the primary focus of a profit organization? - answerTo make a profit. 
What are the four functions of management? - answerPlanning, organizing, controlling, and 
leading 
What are the factors of production used to make goods and services? - answerquality 
products, efficient operations, social responsibility, and business ethics. 
What is Communism? - answerOwned and operated by by government. No competition, the 
government owns and o...
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Intro to Business Information Systems Exam 1 2023 with verified answers
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What are the 6 main roles of information systems? correct answers1. Managing operations 
2. Supporting customer interactions 
3. Making decisions 
4. Collaborating on teams 
5. Gaining competitive advantage 
6. Improving individual productivity 
 
What characteristics make information valuable? correct answersaccuracy, timeliness, completeness 
 
What are the 4 components of an information system? correct answers1. People 
2. Technology 
3. Processes 
4. Data 
 
What is data? correct answersindi...
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Intro to Business Exam 1 with perfect answers 2024
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Business correct answersindividuals or organizations trying to earn a profit by providing products that satisfy people's needs. 
 
Products correct answersgoods or services with tangible and intangible characteristics that provide satisfaction and benefits. 
 
Profit correct answersthe difference between what it costs to make and sell a product and what a customer pays for it. 
 
Non-Profit Organizations correct answersengage in management, marketing, and finance to provide goods and servic...
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Intro to Business exam 1 with perfect answers 2024
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Business correct answersAn organized effort to produce and/or distribute goods and services. 
 
Goods vs. Services correct answersgoods: items that are economically useful or satisfy a want 
services: work that is performed for someone; intangible 
 
Entrepreneur correct answersa person who risks time, effort, and money to start and operate a business 
 
Revenue correct answersThe dollar amounts earned by a firm for selling goods, providing services, or preforming business activities. 
 
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