BUAD 110 (BUAD110)

absolute advantage correct answer: when a country has a monopoly on producing a product or is able to produce it at a cost below that of all other countries advertising correct answer: paid, non personal communication through various media by organizations and individuals who are in some way identified in the advertising message affirmative action correct answer: employment activities designed to "right past wrongs" endured by women and minorities annual report correct answer: a y...

What are 3 fundamental financial statements? correct answer: 1. the income statement 2. the balance sheet 3. the statement of cash flows What does an income statement reflect? correct answer: tells you how much money a company has brought in, how much it has spent, and the difference between the two → its profit Total net revenue, net income, or earnings per share Revenue correct answer: all the money a company brought in during a specific time period Expenses correct answer: ...

business correct answer: an organization or enterprising entity engaged in commercial, industrial, or professional do business' have to be for profit and of a certain size correct answer: businesses can be for profit entities or they can be nonprofit organizations that operate to fulfill a charitable mission or further a social cause. businesses range in a scale from sole proprietorships two international corporations and can range in size from small to large business plan correct answe...

what is a nudge correct answer: changes in how choices are presented or set up to influence people to take a specific action what are the three guiding principles for how to "nudge for good" correct answer: nudges should be - transparent -never misleading - easily opted out of what are the three principles from the Belmont report for how humans (as research subjects) are selected, consented and treated correct answer: 1. respect for people (people should be treated as autonomous a...

Which of the following marketing strategies can be best employed for attracting tourists? correct answer: Place Marketing _____ is based on a costumer's perception that a product has a better relationship between the cost and the benefits than its competitors. correct answer: Value Peter is starting a new business. He has to develop a marketing strategy by identifying similar characteristics, attributes, and behaviors. The term used to describe Peter's strategy is: correct answer: mar...

generic goods correct answer: non-branded products that usually sell at a sizable discount compared to national or private-label brands. brand association correct answer: the linking of a brand to other favorable images, like famous product uses, a popular celebrity, or a particular geographic area. brand manager correct answer: a manager who has direct responsibility for one brand or one product line; product manager product screening correct answer: a process designed to reduce th...