Pure tangible good - Study guides, Class notes & Summaries

business - Answer-individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Answer-a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Answer-the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Answer-organizations that may provide goods or services but do not have the fundamental purpose of earning profi...

A firm's _________________ resources are also known as labor. correct answers Human The market for a product would be considered to be an oligopoly if: correct answers There are very few businesses selling the product. _____________ relates to the number of goods and services that consumers are willing to buy at different prices at a specific time. correct answers Demand What is true about a free-enterprise system? correct answers Individuals have the right to choose what career to pur...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

BIO 181- EXAM 1Define Biology - correct answer The scientific study of life and living things What is Science? - correct answer The systematic search for truth through experimentation and observation When does science work best? - correct answer In the tangible world Why should you make sure that your RESEARCH QUESTION is clear and precise? - correct answer 1. so you don't repeat something that has already been done 2. to receive help What exactly is a hypothesis? - correct answer o...

Risk - ANSWER-the chance or uncertainty of loss Risk - ANSWER-used within the insurance industry to refer to the subject of the insurance policy Possibility of loss - ANSWER-the concept of risk involves ___________________ Insurance - ANSWER-a formal social device used to accomplish the transfer of risk from an insured to the insurer Insurance policy - ANSWER-a legal contract in which the premium paid represents a small certain cost exchanged so that the insurer will cover the possib...

Types of penalties matched with server/establishment •Fines - Both •Arrest- Server •Community service- Server •License Suspension-Establishment •Financial Judgment- Both •License Revocation- Establishment •Loss of certification- Server •Loss of job- Server •Loss of income- Both Never sell to -Underage people -Visibly intoxicated people -Third party people (those purchasing for underage) Practice Quiz 1 1. The establishment is responsible for protectin...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

Product I Innovation and New Product Development Guaranteed Success What is a marketer's task when it comes to new product development? ️First to create a better value than what's out there already and second, to convince customers that this is true What is the continuum for products and services? ️On the far left, there is pure good; on the far right, there is pure service; most market offerings are somewhere in middle, with characteristics of both How do marketers view produc...

MIE 201 Test 1 business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - correct answer organizations that may provide goods or services but do ...

LLC (Limited Liability Company) correct answers limited liability and taxation like a partnership S-corp correct answers eliminates double taxation and retains limited liability benefit, popular with entrepreneurs C-corp correct answers binded together to recap benefits of belonging to larger org Joint-venture correct answers used for ventures that call for large investments Sole Proprietorship correct answers owned and operated by one individual. Owner keeps all profits, taxed at in...