100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
C201 Business Acumen Terms with verified definitions. $15.99   Add to cart

Exam (elaborations)

C201 Business Acumen Terms with verified definitions.

 7 views  0 purchase
  • Course
  • Business Acumen
  • Institution
  • Business Acumen

Demand ability of buyers to purchase goods and services at different prices Supply amount of goods and services for sale at different prices Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Brainpower Read More What drives dem...

[Show more]

Preview 3 out of 24  pages

  • August 21, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business Acumen
  • Business Acumen
avatar-seller
FREEMANSHARP
C201 Business
Acumen Terms
with verified
definitions
Demand - answer ability of buyers to purchase
goods and services at different prices


Supply - answer amount of goods and services for
sale at different prices


What drives demand? - answer consumer
statistics
preferences
economic conditions


What is the underlying cause of movement among
the demand curve? - answer price

,Microeconomics - answer behavior among
individual consumers


Macroeconomics - answer study of an economic
system


Producing output - answer natural resources
human resources
entrepreneurship
capital


Capitalism - answer private enterprise system or
market economy


Pure Competition - answer large number of
buyers and sellers exchange homogenous products
and there is no single participant with influence
over price. Ex- fishing industry


Monopolistic Competition - answer large number
of buyers and sellers exchange differentiated
products and each participant has some control
over price. Ex- pet food

, Oligopoly - answer few sellers compete, high start
up costs form barriers to keep competitors out. Ex-
cars or airplanes


Monopoly - answer single seller dominates trade
in a good or service for which buyers can find no
close substitute. Ex- Microsoft


Monetary Policy - answer government actions to
increase or decrease the money supply and change
banking regulations and interest rates


Fiscal Policy - answer taxes and spending
revenues and expenses


Management - answer process of achieving
organization objectives through people and other
resources


What is the goal of organizational culture? -
answer combine human resources and technical
resources to achieve company goals


Top Management - answer develop long range
plans for organization, set direction and inspire

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller FREEMANSHARP. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80202 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.99
  • (0)
  Add to cart