Mba 70 - Study guides, Class notes & Summaries

LSUS MBA 704 EXAM 1 QUESTIONS WITH 100% CORRECT ANSWERS 2024

Brand Manager: - ANSWER-The project manager in P&G's version of the matrix structure. Centralization: - ANSWER-An organizational decision-making approach with most strategic and operating decisions made by managers at the top of the organization structure (at corporate headquarters). Corporate Restructuring: - ANSWER-A change in the organization's structure to improve efficiency and firm performance, including such activities as realigning divisions in the firm, reducing the amount of c...

Market Segmentation - ANSWER-The process of dividing consumers into groups with similar consumer characteristics and product needs. Market Segmentation - ANSWER-Allows managers to break the market into small manageable groups, so that firms can tailor their offerings to satisfy different needs and wants. Three Marketing Strategies - ANSWER-Undifferentiated (Mass Marketing), Differentiated (Product-Variety), Concentrated (Target) Undifferentiated (Mass Marketing) - ANSWER-Firms sell a sing...

Module 1 - MBA 703 (Sadhya) test questions and answers

LSUS MBA 701 Exam 1 Test Questions And Correct Answers Manager - ANSWER : someone that directs resources to achieve a goal Directs the efforts of others, purchases inputs used in the production of the firms output, directs other decisions like the product price and quality and construct incentives to induce maximal effort from employees - ANSWER : what does a manager do? Economics - ANSWER : the science of making decisions in the presence of scarce resources Resources - ANS...

Information system definition - ANSWER-An information system (IS) can be defined technically as a set of interrelated components that collect, process, store, and distribute information to support decision making and control in an organization Information systems are combinations of hardware, software, and telecommunications networks that people build and use to collect, create, and distribute useful data, typically in organizational settings Information systems are interrelated components...

LSUS MBA 703 Final Exam With 100% Correct Answers 2024

Capital-Labor Substitution: - ANSWER-An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - ANSWER-increases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - ANSWER-The strategies pursued by each functional area of a business unit, such as marketing, finance, or production. Human Capital: - ANSWER-The sum of the capabiliti...