Business management study guide
Questions and Answers ( 100% pass)
Manufacturing Firms - ANS- produces goods.
Service Firms - ANS- provide assictance to satisfy a need
Global Competition - ANS- The ability to make a profit while competing with other countries
Industry - ANS- Refers to business...
Business management study guide Questions and Answers ( 100% pass) Manufacturing Firms - ANS- produces goods. Service Firms - ANS- provide assictance to satisfy a need Global Competition - ANS- The ability to make a profit while competing with other countries Industry - ANS- Refers to business inside of a catergory Comercial Business - ANS- Engaged in all aspects of a business Industrial Business - ANS- Prouces go ods used by other businesses Effectiveness - ANS- Making the correct decisions on what to produce, how to produce them, and how to deliver them to the customers Efficiency - ANS- Occurance when an organization produces goods or services quickly at low cost Domestic Goods - ANS- Item produced in the USA Foreign Goods - ANS- Items produced outside of the USA Entrepreneurs - ANS- People who run and start their own business
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