Busn 201 Study guides, Class notes & Summaries

BUSN 201 MIDTERM EXAM QUESTIONS AND ANSWERS ALL CORRECT Why is celebrity marketing effective? - Answer-Due to the subconscious association to the celebrity when purchasing said product. Define the use of locations/places within the scope of marketing. - Answer-Cities, states, or countries often compete for tourists, and therefore marketing said places attracts tourists. Ex: "what happens in Vegas stays in Vegas"=> marketing Vegas as an adult playground. Why is information on trend...

BUSN 201 Exam 3 Questions and Answers All Correct Enterprise Resource Planning (ERP) - Answer-a suite of applications called modules, a database, and a set of inherent processes for consolidating business operations into a single, consistent, computing platform Artificial intelligence - Answer-a subdiscipline of computer science that attempts to simulate human thinking Paula Gordon just completed an important job interview as an applicant. She is home now. What should she do? - Answer-Se...

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Busn 201 Final Exam Questions With Revised Answers Responsible management (25) - answerassumes responsibility for the triple bottom line (sustainability), stakeholder value (responsibility), and moral dilemmas (ethics). Prime management (26) - answerrefers to superior management practice leading to performance that, at the same time, is socially, environmentally, and economically sustainable. Responsible business (27) - answerassumes responsibility for the triple bottom line, stakeholder ...

BUSN 201 Exam Questions With Revised Answers The majority of product ideas come from *Marketing consultants *small sized organizations and entrepreneurs *large organizations *medium-sized organizations - answerSmall sized organizations and entrepreneurs By making Christmas decorations available the day after Thanksgiving, Holly's Holiday Shop is offering customers what kind of utility? *place utility *Time utility *ownership utility *form utility - answerTime Utility When a Domino...

©THEBRIGHTSTARS 2024 3) First-line manager - a manager who coordinates and supervises the activities of operating employees. First-line managers spend most of their time working with and motivating their employees, answering questions, and solving day-to-day problems. 6. Key skills of successful managers - answer1) Conceptual skills - the ability to think in abstract terms 2) Analytic skills - the ability to identify problems correctly, generate reasonable alternatives, and select the ...

BUSN 201 Midterm Exam Questions With Revised Answers Business Entity - answerCommercial endeavours Organizational culture and formalized decision-making structure Employee interaction Company-centric side - answer"the business system" which reflects the underlying mechanics as to how the business is structured. key partners (backward and forward relationships) key resources (assets, labour, capital, and management acumen) market-centric side - answerHow the business is connected to th...

BUSN 201 Exam Questions With Revised Answers What makes Canada a competitive and resilient economy? - answer1. productivity gains 2. Strong business investment 3. Technological innovation 4. Moderate wage increases 5. Favorable currency exchange rate G7/8 - answerCanada, USA, UK, Italy, Japan, France, Germany Foreign Direct Investment (FDI) - answer· In 2022, FDI into Canada totaled $726 billion · Largest trading partner = USA · Both Asia/Oceania are active investors in Canada 3 Fu...

BUSN 201 Exam 1 Questions With Revised Answers As factors of production--equipment, buildings, vehicles, and cash are considered - answercapital a is any activity that provides goods or services to consumers for the purpose of making a profit - answerbusiness as a producer and seller of athletic shoes, apparel, and equipment, Nike sells - answergoods An unwritten rule and school/workplace ethics is - answertexting on cellphones during class and during meetings the primary value of a pro...