BUS 100 Midterm Exam with Answers
involved in determining location of business - ✔✔cost, proximity to customers, close to
transportation
four stages of product life cycle - ✔✔1. Introduction
2. Growth
3. Maturity
4. Decline
Functions of Management - ✔✔1. planning
2. organizing,
3. staffing,
4. directing,
5. controlling
factors of production - ✔✔1. Land,
2. labor,
3. capital
4. entrepreneurship
to achieve and maintain profitability, businesses must - ✔✔produce quality products, operate
efficiently, be socially responsible and ethical in dealing with stakeholders
marketing mix - ✔✔1. Product,
2. Price,
3. Place,
involved in determining location of business - ✔✔cost, proximity to customers, close to
transportation
four stages of product life cycle - ✔✔1. Introduction
2. Growth
3. Maturity
4. Decline
Functions of Management - ✔✔1. planning
2. organizing,
3. staffing,
4. directing,
5. controlling
factors of production - ✔✔1. Land,
2. labor,
3. capital
4. entrepreneurship
to achieve and maintain profitability, businesses must - ✔✔produce quality products, operate
efficiently, be socially responsible and ethical in dealing with stakeholders
marketing mix - ✔✔1. Product,
2. Price,
3. Place,
