Simple trade era Study guides, Class notes & Summaries

CLEP Exam - practice testsMicro-macro dilemma - correct answer what is good for some producers may not be good for society as a whole (the society as a whole piece is key) role of price in a market-directed economy - correct answer to serve as a rough measure of the value of resources used to produce goods and services marketing - correct answer attempts to affect the products and services you buy marketing - correct answer applies to nonprofit organizations advertising and sales pro...

BYU-I HUMANITIES 110 FINAL ACTUAL EXAM Questions and correct detailed answers (verified answers) |already graded a+ |latest update• Why was Nicholas Fouquet imprisoned? - Answer-Embezzlement • What was the Fronde? - Answer-A rebellion where some members of the French aristocracy sought to overthrow Louis XIV • What was the Palace of Versailles before Louis XIV had it remodeled? - AnswerAn old hunting lodge • What did Louis XIV call himself? - Answer-The Sun King • What did the w...

Inseparability The process of separating production from consumption; cannot be done for services because they are produced and consumed simultaneously. Technology The application of knowledge, tools, processes, and procedures to solve problems. Product and Process design are crucial and relate to the design both of goods and services Product Design Consideration of the characteristics, features, and performance of the product; how the product functions; does not fundame...

Operations The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager They allocate resources. Capital Facilities and equipment Competitive Advantage Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability The process of separating production from consumption; cannot be done for s...

CHAPTER 3 TEST QUESTIONS True-False 1. Globalization is not considered to be one of the external factors driving change in logistics. ANSWER: False 2. The third era of globalization is said to have begun around the year 2000. The significant characteristic of this era is that it is being powered by individuals and smaller organizations rather than global multi-nationals. ANSWER: True 3. The supply chain should manage three important flows, namely, materials/products, informa...

MKTG Exam 1 Wolter Questions & Answers 2023/2024 What are the eras of diff. orientations in the history of american business? - ANSWER-simple trade, production era, sales era, marketing era are all companies now in the marketing era? - ANSWER-no, some companies are still in production era what are two characteristics that define a market? - ANSWER-desire AND ability to to buy a specific thing can you identify whether or not a group is in the market for a certain product using those...

MAR 3023 EXAM 1 QUESTIONS WITH COMPLETE SOLUTIONS.

1. When the Western world turned to capitalism as the foundation of an economic system, the foundation was also laid for advertising. a. True b. False ANSWER: True DIFFICULTY: Easy LEARNING OBJECTIVES: AIBP.OGUI.15.3-1 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - Ohio - DISC: Promotion KEYWORDS: Bloom's: Knowledge 2. The rise of communism was one of the four major factors that gave rise to advertising. a. True b. False ANSWER: Fal...

C720 Operations - Correct Answer-The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager - Correct Answer-They allocate resources. Capital - Correct Answer-Facilities and equipment Competitive Advantage - Correct Answer-Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability - Correct Answer-The...

Chapter 3 - The History of Advertising and Brand Promotion TRUE/FALSE 1. When the Western world turned to capitalism as the foundation of an economic system, the foundation was also laid for advertising. ANS: T DIF: Easy REF: p. 81 OBJ: 3-1 NAT: AACSB Communication | CB&C Model Promotion TYP: Knowledge 2. Advertising is a source of information and persuasive ideas regarding a society’s products and services, but it is no longer essential to the competition for resources in a capitalistic...