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Exam (elaborations)

MGT 103 Questions 1 And Answers

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  • MGT 103

MGT 103 Questions 1 And Answers non profit organization non-governmental organization that does not have profit as its main goal (Boys and Girls Club, American Heart Association, Khan Academy) government agency provides a specific service to its constituents (Census Bureau) corporate level top...

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  • October 23, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGT 103
  • MGT 103
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UpperClass
MGT 103 Questions 1 And Answers

non profit organization non-governmental organization that does not have profit as its

main goal (Boys and Girls Club, American Heart Association, Khan Academy)




government agency provides a specific service to its constituents (Census Bureau)




corporate level top management directs overall strategy for the entire organization

(boards, senior mgt)




strategic business unit (SBU) subsidiary of an organization that targets a specific market




functional level more specific group of specialists that serve certain functions (e.g. finance

department, marketing department)




strategic planning ongoing process of making decisions that guide the firm; helping

managers make informed decisions




core values fundamental, passionate and enduring principles that guide the conduct of an

organization

, MGT 103 Questions 1 And Answers

organizational culture set of values, ideas, attitudes and norms of behavior that is learned

and shared among members of the organization




specific, measurable, attainable, relevant, time-bound S.M.A.R.T. objectives




environmental scan process of continually acquiring information on events occurring

outside the organization; this is done to identify and interpret potential trends that might impact

the business




consumer behavior the actions a person takes in purchasing and using products and

services, including the mental and social processes that come before and after these actions




problem recognition > information search > evaluation of alternatives > purchase > post

purchase evaluation what is the consumer buying decision process?




extended decisions decisions that are expensive; choosing a University




habitual decisions decisions that are made easily daily

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