Mie 201 test 1 - Study guides, Class notes & Summaries

MIE 201 TEST 1 (Chapters 1-4)

MIE 201 Test ess - correct answer any profit seeking organization that provides goods and services designed to satisfy customers' needs revenue - correct answer money a company brings in through the sale of goods and services business model - correct answer a concise description of how a business intends to generate revenue profit - correct answer money left over after all the costs involved in doing business have been deducted from revenue competitive advantage - correct answer som...

MIE 201 Test 1

MIE 201 TEST 1 (Chapters 1-4)Revenue - correct answer money a company brings in through the sale of goods and services Business - correct answer any profit seeking organization that provides goods and services designed to satisfy customer's needs Business Model - correct answer a concise description of how a business intends to generate revenue Profit - correct answer money left over after all the costs involved doing business have been deducted from revenue Competitive Advantage - ...

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 ...

MIE 201 Test #1 – Makanui Questions and Answers

MIE 201 Test 1

MIE 201 TEST 1 (Chapters 1-4) Revenue - correct answer money a company brings in through the sale of goods and services Business - correct answer any profit seeking organization that provides goods and services designed to satisfy customer's needs Business Model - correct answer a concise description of how a business intends to generate revenue Profit - correct answer money left over after all the costs involved doing business have been deducted from revenue Competitive Advantage ...

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 d...

MIE 201 Test #1 – Makanui – Q’s and A’s