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Apex Intro to Business 3.3.5 Questions and Answers Graded A+ $8.99   Add to cart

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Apex Intro to Business 3.3.5 Questions and Answers Graded A+

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Apex Intro to Business 3.3.5 Questions and Answers Graded A+ What is the primary goal of a business? To generate profit while satisfying customer needs What does the term "entrepreneurship" refer to? The process of starting and managing a new business venture What is a common advantag...

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  • October 31, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Apex Intro to Business 3.3.5
  • Apex Intro to Business 3.3.5
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Apex Intro to Business 3.3.5 Questions
and Answers Graded A+

What is the primary goal of a business?


✔✔To generate profit while satisfying customer needs




What does the term "entrepreneurship" refer to?


✔✔The process of starting and managing a new business venture




What is a common advantage of forming a corporation?


✔✔Limited liability protection for owners and shareholders




What does "market research" involve?


✔✔Gathering and analyzing information about consumers' needs and preferences




What is the role of a business plan?


✔✔To outline the goals, strategies, and financial projections of a business




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, What is the difference between goods and services?


✔✔Goods are tangible products, while services are intangible activities provided to customers




What is "supply and demand"?


✔✔The economic principle that describes the relationship between the quantity of a product

available and the desire for that product




What does "target market" mean?


✔✔A specific group of consumers that a business aims to reach with its products or services




What is the importance of branding for a business?


✔✔Branding helps differentiate a business from its competitors and builds customer loyalty




What is a SWOT analysis?


✔✔A strategic planning tool that assesses strengths, weaknesses, opportunities, and threats




What is the concept of "customer satisfaction"?


✔✔The measure of how well a product or service meets customer expectations

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