Intro to business exam 1 Study guides, Class notes & Summaries

CSUF MKTG 351 Final Exam Review (Ron Imus MKTG 351 Final Exam Review) Rated 100% Correct!! Promotional Mix 1) advertising 2) public relations 3) sales promotions 4) personal selling 5) social media promotion Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response promotional strategy a plan for the optimal use of the elements of promotion to elicit a particular response; main goal is to convin...

Intro to Business Exam 1 Questions & Answers 2023/2024 What is the primary focus of a profit organization? - ANSWER-To make a profit. What are the four functions of management? - ANSWER-Planning, organizing, controlling, and leading What are the factors of production used to make goods and services? - ANSWER-quality products, efficient operations, social responsibility, and business ethics. What is Communism? - ANSWER-Owned and operated by by government. No competition, the governm...

Intro to Business Exam 1 GEB: 1011Questions with Correct Answers

Intro to Business Exam 1 questions & answers graded A+ passed

Chapter 1 Answer Business Answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs Goal of business Answer to make money or to make a profit difference between a business and nonprofit? "to make a profit" does not apply to a nonprofit organization, but both are involved in management, finance, human resources, marketing, operations, sales, etc. What are you doing when you purchase a product? Answer buying the benefits and satis...

HCCA CHC Exam Prep | 750+ Questions and Verified Answers| 2023/ 2024 Q: True of False: A self-audit is an examination or inspection for providers in reducing non-compliance. Self-audits can lower chances of an external audit and create a robust culture of compliance Answer: True Source: CHC Exam Secrets Study Guide Q: CMS released areas of high-risk fraud, some of those include: A. Sudden changes in billing and billing inappropriate specialties B. Billing of inappropriate d...

Intro to Business Exam 1 With 100% Correct Answers What is the primary focus of a profit organization? - answerTo make a profit. What are the four functions of management? - answerPlanning, organizing, controlling, and leading What are the factors of production used to make goods and services? - answerquality products, efficient operations, social responsibility, and business ethics. What is Communism? - answerOwned and operated by by government. No competition, the government owns and o...

Intro to Business Exam 1 With 100% Correct Answers What is the primary focus of a profit organization? - answerTo make a profit. What are the four functions of management? - answerPlanning, organizing, controlling, and leading What are the factors of production used to make goods and services? - answerquality products, efficient operations, social responsibility, and business ethics. What is Communism? - answerOwned and operated by by government. No competition, the government owns and o...

What are the 6 main roles of information systems? correct answers1. Managing operations 2. Supporting customer interactions 3. Making decisions 4. Collaborating on teams 5. Gaining competitive advantage 6. Improving individual productivity What characteristics make information valuable? correct answersaccuracy, timeliness, completeness What are the 4 components of an information system? correct answers1. People 2. Technology 3. Processes 4. Data What is data? correct answersindi...

Business correct answersindividuals or organizations trying to earn a profit by providing products that satisfy people's needs. Products correct answersgoods or services with tangible and intangible characteristics that provide satisfaction and benefits. Profit correct answersthe difference between what it costs to make and sell a product and what a customer pays for it. Non-Profit Organizations correct answersengage in management, marketing, and finance to provide goods and servic...

Business correct answersAn organized effort to produce and/or distribute goods and services. Goods vs. Services correct answersgoods: items that are economically useful or satisfy a want services: work that is performed for someone; intangible Entrepreneur correct answersa person who risks time, effort, and money to start and operate a business Revenue correct answersThe dollar amounts earned by a firm for selling goods, providing services, or preforming business activities. Pro...