11/24/24, 5:30 AM BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% COR…
BUS 120 FINAL EXAM 2024 ACTUAL EXAM
COMPLETE 250 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Practice questions for this set
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Studied 7 terms
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Terms in this set (198)
A core goal for successful True
businesses is to deliver
value to customers while
generating long-term
profits.
Even though non-profit True
organizations are not in
business for financial gain,
they are still businesses in
every other sense.
https://quizlet.com/975582443/bus-120-final-exam-2024-actual-exam-complete-250-questions-with-detailed-verified-answers-100-correct-answers-alr… 1/18
,11/24/24, 5:30 AM BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% COR…
Organizations generate True
long-term success by
delivering unsurpassed
value to their customers.
Value is the relationship True
between the price of a
good or a service and the
benefit that the service
offers to the customer.
Economic factors are not True
as important to non-profit
organizations as they are
to for-profits.
The technological False
environment is less
important to small
business than it is to large
businesses.
For-profits are False
understandably less
concerned about trends in
the social environment.
Non-profits have no need False
to be concerned about
the competitive
environment.
Small businesses have no False
need to be concerned
about the global
environment.
the quantity of products that a producer will make for
Supply is defined as:
a specific price.
https://quizlet.com/975582443/bus-120-final-exam-2024-actual-exam-complete-250-questions-with-detailed-verified-answers-100-correct-answers-alr… 2/18
, 11/24/24, 5:30 AM BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% COR…
Ann is a manager at a lower the price of the jeans so that demand will
store than sells casual increase.
clothing and accessories
for both men and women.
She notices that the jeans
priced at $120 aren't
selling very well. She
wants to increase sales of
these jeans before next
season. The approach Ann
should take to achieve this
is:
the amount of products or services consumers are
Demand is defined as
willing to pay at different prices.
Fair competition among drives higher quality and lower prices in capitalism.
businesses:
A basic characteristic of capitalism.
______________________ is that
both producers and
consumers are free to
make their own economic
decisions on many basic
issue.
_____________________ is an Socialism
economic system based
upon the principle that the
government should own
and operate key
enterprises that directly
affect public welfare.
https://quizlet.com/975582443/bus-120-final-exam-2024-actual-exam-complete-250-questions-with-detailed-verified-answers-100-correct-answers-alr… 3/18
BUS 120 FINAL EXAM 2024 ACTUAL EXAM
COMPLETE 250 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (198)
A core goal for successful True
businesses is to deliver
value to customers while
generating long-term
profits.
Even though non-profit True
organizations are not in
business for financial gain,
they are still businesses in
every other sense.
https://quizlet.com/975582443/bus-120-final-exam-2024-actual-exam-complete-250-questions-with-detailed-verified-answers-100-correct-answers-alr… 1/18
,11/24/24, 5:30 AM BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% COR…
Organizations generate True
long-term success by
delivering unsurpassed
value to their customers.
Value is the relationship True
between the price of a
good or a service and the
benefit that the service
offers to the customer.
Economic factors are not True
as important to non-profit
organizations as they are
to for-profits.
The technological False
environment is less
important to small
business than it is to large
businesses.
For-profits are False
understandably less
concerned about trends in
the social environment.
Non-profits have no need False
to be concerned about
the competitive
environment.
Small businesses have no False
need to be concerned
about the global
environment.
the quantity of products that a producer will make for
Supply is defined as:
a specific price.
https://quizlet.com/975582443/bus-120-final-exam-2024-actual-exam-complete-250-questions-with-detailed-verified-answers-100-correct-answers-alr… 2/18
, 11/24/24, 5:30 AM BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% COR…
Ann is a manager at a lower the price of the jeans so that demand will
store than sells casual increase.
clothing and accessories
for both men and women.
She notices that the jeans
priced at $120 aren't
selling very well. She
wants to increase sales of
these jeans before next
season. The approach Ann
should take to achieve this
is:
the amount of products or services consumers are
Demand is defined as
willing to pay at different prices.
Fair competition among drives higher quality and lower prices in capitalism.
businesses:
A basic characteristic of capitalism.
______________________ is that
both producers and
consumers are free to
make their own economic
decisions on many basic
issue.
_____________________ is an Socialism
economic system based
upon the principle that the
government should own
and operate key
enterprises that directly
affect public welfare.
https://quizlet.com/975582443/bus-120-final-exam-2024-actual-exam-complete-250-questions-with-detailed-verified-answers-100-correct-answers-alr… 3/18
