Technological trends - Study guides, Class notes & Summaries

Strategy - CORRECT ANSWER A plan designed to meet the objectives of a company 5 P's of Mitzberg's view on strategy - CORRECT ANSWER Plan - set of actions. Ploy - short term strategy,few objectives,subject to change. Pattern - consistent behavior. Position - customer needs and comp en strategic view. Perspective - organizations way of doing things Successful strategy key components - CORRECT ANSWER Aimed at specific long-term goals of org. Shows clear understa...

MIE 480 Exam 1 Questions and Answers Already Passed What is "Strategy"? Strategy is a set of actions to achieve company objectives. It's a high- level plan on how to achieve objectives (often related to profitability). Company profitability is significantly determined by the: Industry structure; Firm competitive advantage (where we stand relative to other firms) Strategic choice: A strategic choice has a basic structure - 1. Identify the objective or goal. 2. Formulate the alt...

MIE 201 Test #1 - 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 economic environment - correct answer - conditions and forces that affect the cost and availability of goods, services, and labor and thereby shape the behavior ...

MIE 201 Test 1 Questions with Verified Answers ___ is the money a company generates through the sale of products and services revenue A(n) _______ is a firm pursing profits that offers products and services projected to fulfill consumers' needs. business The framework that outlines how a firm plans to generate revenue is known as a(n) ____________. business model In a business, after all expenses are paid, the leftover money is called ___________. profit Company LMT competes...

Certification - Answer person has met predetermined standards, this usually requires certain educational requirements and passing a professional examination Licensure - Answer a person whom has been granted permission to legally perform certain acts, licenses are granted by government agencies. The specific occupations that require licensure vary from state to state Registration - Answer being placed on an official list after meeting the educational requirements and testing requir...

BCOR EXAM QUESTIONS WITH ALL CORRECT ANSWERS Why is employee involvement crucial when developing an inspiring vision and mission? - Answer-because: -belief in the vision and mission statement motivates employees -employees may develop helpful strategic initiatives Corporate strategy - Answer-concerns questions relating to where to compete in terms of industry, markets, and geography If parts of a firm's intended strategy fall by the wayside, it is referred to as - Answer-unrealize...

MGT 103 - [Eberhard] Exam Questions and Answers 100% Pass Marketing - to discover the needs and wants of prospective customers and to satisfy them A want is a need that is shaped by....? - a person's knowledge, culture, and personality What's needed for marketing to occur? - Two or more parties with unsatisfied needs A desire + ability on their part to have their needs satisfied A way for the parties to communicate Something to exchange Marketing seeks to discover consumer needs th...

environmental forecasting - ANSWERSthe development of plausible projections about the direction, scope, speed, and intensity of environmental change 1. environmental scanning 2. environmental monitoring 3. competitive intelligence - ANSWERSWhat are the 3 inputs to forecasts? environmental scanning - ANSWERSsurveillance of a firm's external environment to predict environmental changes and detect changes already under way environmental monitoring - ANSWERSa firm's analysis of the ...

©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 2:49PM A+ 1 MIS 304 Exam 1 Questions And Answers |Latest 2025 | Guaranteed Pass. What is "Future Shock" - AnswerThe rapid transition between waves of technology. Easy for young generation but harder for older generation to gras. What ages have we gone through? - AnswerAgriculture and Handiwork -->Industrial Revolution-->The Information Age (NOW) What are the Five Mega Trends in the Information Age - AnswerMobile, Social Media, Internet...

MIE 201 Test #1 – Makanui Exam Questions and 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 economic environment - Correct Answer ️️ -- conditions and forces that affect the cost and availability o...