BUSI 105 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS.
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Module
BUSI.
Institution
BUSI.
BUSI 105 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS.
Social Responsibility - CORRECT ANSWER recognition that business activities have an impact on society and the consideration of that impact in the business decision making
How it applies Social Responsibility - CORRECT ANSWER costs mon...
BUSI 105 FINAL EXAM QUESTIONS
WITH 100% CORRECT ANSWERS.
Social Responsibility - CORRECT ANSWER recognition that business activities have an impact on society
and the consideration of that impact in the business decision making
How it applies Social Responsibility - CORRECT ANSWER costs money but is also good business,
Social audit - CORRECT ANSWER a comprehensive report of what an organization has done and is doing
with regard to social issues that affect it
Code of Ethics - CORRECT ANSWER a guide to acceptable and ethical behavior as defined by the
organziation
Business Ethics - CORRECT ANSWER the application of moral standards to business situations
How can Companies encourage ethical behavior? - CORRECT ANSWER enforcement and ethical codes
Consumerism - CORRECT ANSWER all activities undertaken to protect the rights of a consumer
six basic rights of a consumer (essay question) - CORRECT ANSWER right to saftey
right to be informed
right to choose
right to be heard
right to consumer education
right to courteous service
"Caveat Emptor" Phrase - CORRECT ANSWER Latin Phrase meaning "let the buyer beware"
, whistle blowing - CORRECT ANSWER informing the press or government officials about unethical
practices within ones organization
Marketing - CORRECT ANSWER The activity, set of institutions and processes for creating,
communicating, delivering, and exchanging offerings that have value for customers, clients, partners,
and society at large
Utility - CORRECT ANSWER The ability of a good or service to satisfy a human need
Form Utility - CORRECT ANSWER Created by converting production inputs into finished products
Place utility: - CORRECT ANSWER Created by making a product available at a location where customers
wish to purchase it
Time utility - CORRECT ANSWER Created by making a product available when customers wish to
purchase itc
Possession utility - CORRECT ANSWER Created by transferring title (ownership) of a product to buyer
The Marketing Mix (4 Ps) - CORRECT ANSWER Product,place,prize,promotion
Product - CORRECT ANSWER -good or service that most closely meets the needs of a particular market
segment
Price - CORRECT ANSWER market value that is assigned by consumer interest/need to purchase item
Place - CORRECT ANSWER (Distribution)-location of the market and means of distribution used in
reaching it
Promotion - CORRECT ANSWER advertising/publicity
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