Busn 201 - Study guides, Class notes & Summaries
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BUSN 201 MIDTERM EXAM QUESTIONS AND ANSWERS ALL CORRECT
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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...
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BUSN 201 Exam 3 Questions and Answers All Correct
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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 Midterm A Questions &Exam (elaborations) answers 100% satisfaction guarantee
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BUSN 201 Midterm A Questions &Exam (elaborations) answers 100% satisfaction guarantee
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BUSN 201 MIDTERM EXAM PREP ALREADY
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BUSN 201 MIDTERM EXAM PREP 
ALREADY
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BUSN 201 Exam 2 Questions With Revised Answers
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BUSN 201 Exam 2 Questions With Revised 
Answers 
Ethical - answerability and willingness to distinguish right from wrong when you're 
practicing one or the other 
business ethics - answerapplication of ethical behavior in a business context 
stakeholders - answerparties who are interested in the activities of a business because they're 
affected by them 
how do you recognize an ethical organization? - answer- treating employees, customers, 
investors, and the public fairly 
- making fairness a...
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Busn 201 Final Exam Questions With Revised Answers
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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 ...
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BUSN 201 Exam Questions With Revised Answers
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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...
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Busn 201 Exam 2 Questions With Revised Answers
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©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 ...
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BUSN 201 Midterm Exam Questions With Revised Answers
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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...
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BUSN 201 Exam Study Guide.
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©THEBRIGHTSTARS 2024 
BUSN 201 Exam Study Guide. 
Sustainability - answerRelated to the triple bottom line; threatens the survival or current and 
future generations 
Responsibility - answerNature of relationships between stakeholders 
Ethics - answerDecision making in ethical dilemmas 
Milton Friedman - answerA corporation's sole obligation is to maximize wealth to its 
shareholders and has no responsibility or capability to address societies interests 
Sustainability - answerMeets the needs ...
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