Mort 202 Grande MOD 1 Verified Questions And Answers With Verified Updates
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Course
Mort 202 Grande MOD 1
Institution
Mort 202 Grande MOD 1
Corporation - - an artificial being, invisible, intangible, and existing only in contemplation of law;
an entity that is something that has a distinct existence separate and apart from the existence of its
individual members.
Things to consider when selecting a community for a market survey - (a...
Mort 202 Grande MOD 1
Corporation - - an artificial being, invisible, intangible, and existing only in contemplation of law;
an entity that is something that has a distinct existence separate and apart from the existence of its
individual members.
Things to consider when selecting a community for a market survey - (a) Demographics - the
statistical study of human populations with respect to their size, density, distribution, composition, and
income
(b) Economic base - wealth produced in or near a community that provides employment and income to
the local population
(c) Population trends
(d) Disposable income trends of the community
(e) Competition - practice of trying to obtain something that is being sought by others under similar
circumstances at the same time
(f) Social and business climate
(g) Selecting the site
Corporate refugee - - those individuals who flee the bureaucratic environment of big business by
going into
business for themselves
Business - - an organization that combines inputs of raw
materials, capital, labor, and management skills to produce useful outputs of goods and services so as to
earn a profit
Business plan (new venture plan) - - a written description of a
new idea that projects marketing, operational, and financial
aspects of a proposed business
, Quantitative criteria - a. Number of employees
b. Dollar sales volume
Qualitative criteria - a. Actively managed by its owner(s)
b. Highly personalized
c. Largely local in its area of operations
d. Largely dependent on internal sources of capital to finance its
growth
Finance - - the business function of effectively obtaining
and using funds
Rate - - the annual percentage rate used to compute
interest
Interest - - money paid for the use of money
Manufacturing business - - a business that makes finished goods from raw materials by hand or
machinery
Merchandising business - - a business that purchases finished
goods for resale
Service business - - a business that provides a service as opposed to
a product
Interdependence of business - - the dependency of businesses on one another
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