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MIE 201 Test 1 - Questions and Answers When ABC Manufacturing buys parts and materials in large quantities and thereby obtains much better pricing and costsavings, it is utilizing _____. economies of scale The broadest indicator of international trade is the ________. balance of payments Which one of the following statements does NOT accurately describe foreign exchange rates and currency valuations? a currency is called strong relative to another when its exchange rate is lower than what is e...

MIE 201 Test 3 Makanui Exam Questions and Answers 100% Pass management - Correct Answer ️️ -a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. managers - Correct Answer ️️ -those individuals in organizations who make decisions about the use of resources and who are concerned with planning, organizing, staffing, directing, and controlling the organization's activities to reach its objectives. st...

MIE 201 Test 1 Makanui UPDATED Exam Questions and CORRECT Answers Environments of Business - CORRECT ANSWER- - economic - market - technological - social - legal and regulatory market environment - CORRECT ANSWER- - a company's target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers

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MIE 201 TEST 1 (Chapters 1-4)

Environments of Business - Answer-- economic - market - technological - social - legal and regulatory market environment - Answer-- a company's target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers economic environment - Answer-- conditions and forces that affect the cost and availability of goods, services, and labor and thereby shape the behavior of buyers and sellers - influences almost eve...