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MBA (Vocabulary) 2024 Passed To Score A+

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ABC analysis - ANS>inventory control system that divides the inventory into three classes: A, B, and C, depending on the value and importance of the item accelerated depreciation method - ANS>allows asset own to take greater amounts of depreciation during early years of asset's life, defers some of the taxes until later years acceptable quality level (AQL) - ANS>quality standard that allows for a prespecified number of defects acceptance - ANS>an assent to an offer in accorda...

major segmentation variables (4) - ANS>(1) geographic, (2) demographic, (3) psychographic, (4) behavioral penetrated market - ANS>set of customers who are buying the company's product target market - ANS>qualified available market the company decides to pursue available market - ANS>set of consumers who have interest, income, and access to a particular offer potential market - ANS>set of consumer with a sufficient level of interest in a market offer corporate culture - AN...

MBA VOCABULARY Exam Download to Score A+ | Already Passed Alien - 1. belonging to a foreign country. "an alien culture" 2. unfamiliar and disturbing or distasteful. Syn: Unfamiliar, strange,foreign (বহিরাগত, পরদেহি) Bait - placed on a hook or in a net, trap, or fishing area to entice fish or other animals as prey. "herrings make excellent bait for pike" Syn: lure,attraction (ট াপ,প্রদ াভদের বস্ত্ত) Calamity - an event c...

What is the definition of alignment? (from the book) - ANS>the situation in which a company's current and emerging business strategy is enabled, supported, and unconstrained by technology. The authors suggest that although alignment is good, there are higher states, namely synchronization and convergence, toward which companies should strive. With synchronization, technology not only enables current business strategy but also anticipates and shapes future business strategy. Convergence...

The focal point of all marketing activities is - ANS>customers The marketing mix is known by what other name? - ANS>the four Ps Goods, services, or ideas offered in the exchange with customers are dealt with under the _____ category of the marketing mix - ANS>product Making the product available to the customer in the right quantities and locations when the customer wants them is the definition for which of these marketing mix variable? - ANS>place Many people equate advertisi...

Which of the following organizations is most likely to use project financing? a) a small start-up b) a financial services firm with an extensive client list c) a large consumer goods company d)a large public utility involved in infrastructure development - ANS>d) a large public utility involved in infrastructure development After an extensive recruitment process to select well-qualified individuals, a large percent of a company's new hires resigned within the first month of the job. W...

Difference in goal and plan - ANS>a goal is adesired future circumstance or condition. a plan is a blueprint for goal achievement and specifies necessary actions Difference between mission and vision - ANS>a mission is the organizations reason for existence. a vision is a concise statement of what an organization intends to achieve Difference between mission and mission statement - ANS>a mission is the organizations reason for existence. Mission statement is a broadly stated defin...