MIE 201 TEST PACKAGE DEAL 2023/2024 CORRECTLY ANSWERED

MIE 201 Exam 4 marketing - correct answer group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas functions of marketing - correct answer buying, selling, transporting, storing, grading, financing, market research, risk t...

MIE 201 Exam 4 (11,12,13) marketing - correct answer a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange - correct answer the act of giving up one thing ($, credit, labor, goods) in return for something el...

MIE 201 Exam 3Organization Structure - correct answer A framework that enables managers to divide responsibilities, ensure employee accountability, and distribute decision making authority Organization Chart - correct answer A diagram that shows how employees and tasks are grouped and where the l...

MIE 201 Exam 3Channel Marketing - correct answer an organized network of firms that work together to get goods and services from producer to consumer. Distribution strategy - correct answer overall plan for moving products to buyers Wholesalers - correct answer sell to organizational custom...

MIE 201 exam 3What are needs and wants - how is demand created? - correct answer You're hungry and you don't want to be hungry. You NEED to eat. Needs create the motivation to buy products and are the core of any decision of marketing. Your wants are based on your needs but are more specific. Prod...

MIE 201 Exam 3 (Chapters 6, 7, 9, and 10)Management - correct answer Process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively - correct answer Having the intended result Efficiently - correct answer Acco...

MIE 201 Exam 2Sole proprietorships - correct answer businesses owned and operated by one individual, are the most common form of business organization in the United States. Common examples include many retailers such as restaurants, hair salons, flower shops, dog kennels, and independent grocery sto...

mie 201 exam 2Advantages of operating a Sole Proprietorship? - correct answer simplicity (easy to establish and less paperwork-only requirement is business licenses and permit) single layer of taxation!!! privacy (not required to report anything to anyone) flexibility and control fewer li...

MIE 201 Exam 2 Chapters 4, 5, 8Chapter 4 - correct answer Sole Proprietorship - correct answer - One owner - Individual income taxed - Unlimited liability - Owned by a single individual and is the easiest way to conduct business Advantages of Sole Proprietorship - correct answer - ease and...

MIE 201 Exam 2 Chapters 4, 5, 8 Makanui NCSU 3 types of business ownership - correct answer - sole proprietorship - partnership - corporation sole proprietorships - correct answer - businesses owned by one individual - the most common form of business organization in the United States - easi...

MIE 201 Exam 1economy - correct answer sum total of all the economic activity within a given region economics - correct answer study of how a society used its scarce resources to produce and distribute goods and services microeconomics - correct answer study of how consumers, businesses and in...

MIE 201 Exam 1 business - correct answer any profit-seeking organization that provides goods and service designed to satisfy customers’ needs revenue - correct answer money a company brings in through the sales of goods and services business model - correct answer a clearly stated outline o...

MIE 201 Exam 1 business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs product - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - correct answ...

MIE 201 exam #5accounting - correct answer is the recording, measurement, and interpretation of financial information. certified public accountant (CPA) - correct answer an individual who has been certified by the state in which he or she practices to provide accounting services ranging from the ...

MIE 201 Exam #1Which of the following is an example of insider trading? - correct answer The chief executive officer of an IT company purchases shares in the company as he learns that the company is being taken over by a global IT firm A situation in which you must choose between two conflicting ...

MIE 201 Chapters 1-3 (Test 1) business - correct answer individuals’ organizations who try to earn a profit by satisfying needs product - correct answer tangible or intangible characteristics that provide benefits profit - correct answer what it costs to make vs what the customer pays st...