Mie 201 exam guide - Study guides, Class notes & Summaries

MIE 201 Exam Guide Questions and CORRECT Answers businesses - CORRECT ANSWER- any profit seeking org that provides goods and services designed to satisfy customer needs. aka firms/enterprises revenue - CORRECT ANSWER- money the company brings in through the sales of goods and services business model - CORRECT ANSWER- clear, simple outline of how the business intends to generate revenue/ how company is going to realize profit

marketing - group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas functions of marketing - buying, selling, transporting, storing, grading, financing, market research, risk taking exchange - the act of giving up one thing (money, credit, labor, goods) in return for something else (goods, services, or ideas) value - customer's subjective assessment of benefits relative to costs in determining the worth of a produ...

Advantages of operating a Sole Proprietorship? - simplicity (easy to establish and less paperwork-only requirement is business licenses and permit) single layer of taxation!!! privacy (not required to report anything to anyone) flexibility and control fewer limitations on personal income Personal satisfaction (take your own risks and enjoy the reward) Disadvantages of sole proprietorship - financial liability (unlimited liability)

MIE 201 Exam 4 (11,12,13) Makanui Questions and Answers 100% Pass marketing - Correct Answer ️️ -a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange - Correct Answer ️️ -the act of giving up one thing ($, credit, labor, goods) in return for something else (goods, services, or ideas) marketing activities - Correct Answer ️️ -buying, selling, transporting, storing, grading, financing, marke...

MIE 201 Exam 4 (11,12,13) marketing - correct answer a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange - correct answer the act of giving up one thing ($, credit, labor, goods) in return for something else (goods, services, or ideas) marketing activities - correct answer buying, selling, transporting, storing, grading, financing, marketing, research, risk-taking value - correct answer A custome...