Exam (elaborations)
Nvcc bus 100 exam 1 questions & answers 2024/2025
- Module
- Institution
Nvcc bus 100 exam 1 questions & answers 2024/2025
[Show more]
Seller
Follow
Bensuda
Reviews received
Content preview
Nvcc bus 100 exam 1 questions &answers 2024/2025
revenue - ANSWERSThe total amount of money a business takes in during a given period by selling goods
and services.
quality of life - ANSWERSThe general well-being of a society in terms of its political freedom, natural
environment, education, health care, safety, amount of leisure, and rewards that add to the satisfaction
and joy that other goods and services provide.
demographic - ANSWERSthe statistical study of human pop with regard to its size density and other
characteristics such as age gender and income
free market system - ANSWERSeconomic system in which decisions about what to produce and in what
quantities are decided by the market's buyers and sellers
ethnocentricity - ANSWERSthe belief in the inherent superiority of one's own group and culture
competitive advantage - ANSWERSa set of unique features of a company and its products that are
perceived by the target market as significant and superior to those of the competition
absolute advantage - ANSWERSthe ability to produce a good using fewer inputs than another producer
Entrepreneurship - ANSWERSAccepting the risk of starting and running a business.
interest rates - ANSWERSThe cost of borrowing money
free market - ANSWERSAn economic system in which prices and wages are determined by unrestricted
competition between businesses, without government regulation or fear of monopolies.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.52. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79079 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now