Bus 200 - Study guides, Class notes & Summaries

levels of management correct answers top, middle, first line management skills correct answers technical skills, human relation skills, conceptual skills, time management skills, decision making skills Strategic Management Process correct answers setting goals then formulating strategies SMART goals correct answers Specific, Measurable, Attainable, Realistic, Time bound SWOT analysis correct answers strengths, weaknesses, opportunities, threats Levels of Strategy correct answers 1...

Globalization correct answers as processes by which products, people, companies, money and information are able to move quickly around the world as decision makers desire, with few cross-border impediments in their way. push factors (home market) correct answers drives the company out of its home country or other countries where it currently does business. -unemployment, lack of safety, lack of services, more efficient production, access to technology and skills pull factors (target ...

ECS1601 Assignment 5 (PRACTICE) Semester 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 . [Questions] Question 1 (5 marks) Maximum word count: 100 words Suppose that you are at a retail store with your family. You come across two T-shirts, one made in South Africa and another made in the USA. With reference to the circular flow of income, withdrawals and injection, provide an explanation as to why it is better to purchase ...

What is the primary purpose of a business? correct answers To earn profit Which of the following is NOT an example of a good? correct answers A print ad Which of the following is NOT an example of a service? correct answers Personal training Last year, Carmela's florist shop had higher expenses than revenues. Which of the following must be true? correct answers The florist shop posted a loss for last year Entrepreneurs invest time and money in a business in spite of the fact that it...

goods correct answers tangible services correct answers intangible business or firm correct answers entity that tries to make a profit profit correct answers revenue minus expenses Entrepreneur correct answers a person who risks time, effort, and money to start and operate a business revenue correct answers total amount of money a business takes in loss correct answers when expenses are greater than revenue standard of living correct answers amount of goods and services peop...

Assets correct answers Things that you own Liabilities correct answers Things that you owe shareholders equity correct answers Assets - Liabilities = shareholders equity Competitive Advantage correct answers -some aspect of a product or company that makes it more appealing to its target customer -(what is the strength of the company that makes it more attractive than others) Revenue correct answers Money that a company brings in through the sale of goods and services Business Mod...

Which of the following statements best describes a firm's 'business model'? correct answers Its goals and means of achieving them Which of the following is a for-profit organization? correct answers Google A 'supply chain' is defined as which of the following? correct answers A succession of stages involved in producing and delivering a product Which one of the following is a privatized company? correct answers A former government agency that has been floated off as a company into ...

Which article of the NEC covers grounding? CORRECT ANSWER Article 250 What is a dropout plate? CORRECT ANSWER Metal plate with a curve surface for cable to follow as it passes from the tray All of the following are common service voltages in the United States Except: CORRECT ANSWER 372/575 3-Phase, 4-wire What does a GFCI breaker do? CORRECT ANSWER Opens a circuit to prevent operation of an electrical device What will happen when one or more coils in a winding are grounded? CORRECT A...

ethnocentric correct answers belief that one's own national culture and ways of doing things are the best geocentric correct answers aims to focus on global corporate goals, but allowing for local responses and adaption polycentric correct answers openness to other cultures and ways of doing things PEST correct answers P: form of govt, levels of freedom, company law and policy, employment law E: rate of inflation, wage/unemployment levels S: language, religion/culture, age distri...

Why would a company go global? correct answers By going global businesses have the ability to diversify markets and stabilize revenue Where would a company like to go? correct answers Where the company has a competiive advantage in the market How would a company go global? correct answers By utilizing different modes of entry What are the modes of entry? correct answers Exporting, Outsourcing, Franchising, Joint Ventures, Acquisitions, Greenfield Investments How to manage the enviorm...