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BUSN 11 Chapter 1 Practice EXAM PREP ALREADY PASSED
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BUSN 11 Chapter 1 Practice EXAM PREP ALREADY PASSED
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BUSN 11 Chapter 1 Practice EXAM PREPALREADY PASSED
Which of the following is a similarity between millennials and digital natives? - =Like
millennials, digital natives tend to be extremely tolerant and inclusive.
Which of the following statements is true of entrepreneurs? - =They produce a ripple effect that
enriches everyone around them.
The quality and quantity of goods and services available to a population is referred to as the
_____. - =standard of living
In the context of the history of American business, which of the following statements is true of
the industrial revolution? - =Factories hired large numbers of semiskilled workers who
specialized in a limited number of tasks.
In the context of the history of American business, which of the following statements is true of
the entrepreneurship era? - =Large-scale entrepreneurs emerged in the second half of the 1800s,
building business empires.
During the _____, the government of the United States stepped into the business realm to pass
laws to regulate business and protect consumers and workers. - =entrepreneurship era
In the context of the history of American business, which of the following statements is true of
the production era? - =Jobs became specialized, increasing productivity and lowering costs and
prices.
Which of the following marketing concepts emerged during the marketing era? - =A consumer
focus that permeates successful companies in every department, at every leve
In the context of the history of American business, which of the following is a feature of the
relationship era? - =Cultivating current customers turn out to be more profitable than constantly
seeking new ones
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