BUS 160 - King (JMU) - Test 1 questions well answered to pass graded A+

BUS 160 - King (JMU) - Test 1 questions well
answered to pass graded A+
1. What is the differ- The primary goal of a business is to earn a profit while nonprofit
organizations have
ence between a other primary goals.
nonprofit and
a business?

2. Overview of
the Business see picture
World




3. Managment What sector deals with planning, organizing, leading, controlling,
acquiring, de- veloping, and using resources ettectively & eflciently?

4. Marketing What sector deals with conducting market research, developing
products, and advertising products?

5. Finance What sector deals with obtaining financial resources and using money
ettectively?
6. What is the what Product at what Price and Place using what Promotion.
Mar- keting
Mix?

7. Place Where and how you will sell your product (think Amazon, Etsy, or some
retail store).
8. Promotion How to get the word out about your product.
9. Natural 11. Financial Re- sources
Re-
sources

10. Human
Re-
sources
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, BUS 160 - King (JMU) - Test 1 questions well
answered to pass graded A+
Things not made by
people, exist in their
natural state.


Labor- mental, and
physical abilities.


Capital, funds used to
acquire physical
resources.




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