Mie 201 exam 3 Study guides, Class notes & Summaries

MIE 201 Exam 3 (Chapters 6, 7, 9, and 10) Questions and Answers 100% Pass Management - Correct Answer ️️ -Process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively - Correct Answer ️️ -Having the intended result Efficiently - Correct Answer ️️ -Accomplishing the objectives with a minimum of resources Managers - Correct Answer ️️ -Make decisions about the use of the organizations reso...

MIE 201 Exam 3 (Chapters 6, 7, 9, and 10) Questions and Answer

MIE 201 exam 3 Question and answers correctly solved 2023/2024 What are needs and wants - how is demand created? - correct answer You're hungry and you don't want to be hungry. You NEED to eat. Needs create the motivation to buy products and are the core of any decision of marketing. Your wants are based on your needs but are more specific. Producers try to shape your wants by exposing you to attractive choices. For ex. when you need food you may WANT a Snickers bar. What are the four util...

MIE 201 exam 3 questions and answers

MIE 201 Exam 3 (Chapters 6, 7, 9, and 10)Management - correct answer Process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively - correct answer Having the intended result Efficiently - correct answer Accomplishing the objectives with a minimum of resources Managers - correct answer Make decisions about the use of the organizations resources and are concerned with planning, organizing, directing, an...

MIE 201 Exam 3Organization Structure - correct answer A framework that enables managers to divide responsibilities, ensure employee accountability, and distribute decision making authority Organization Chart - correct answer A diagram that shows how employees and tasks are grouped and where the lines of communication and authority flow Agile Organization - correct answer A company whose structure, policies, and capabilities allow employees to respond quickly to customer needs and changes i...

Management - Answer-Process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively - Answer-Having the intended result Efficiently - Answer-Accomplishing the objectives with a minimum of resources Managers - Answer-Make decisions about the use of the organizations resources and are concerned with planning, organizing, directing, and controlling the organization's activities to reach objectives. Staffing -...

MIE 201 Exam 3 (Chapters 6, 7, 9, and 10) Questions and Answer

MIE 201 Exam 3Channel Marketing - correct answer an organized network of firms that work together to get goods and services from producer to consumer. Distribution strategy - correct answer overall plan for moving products to buyers Wholesalers - correct answer sell to organizational customers including other wholesalers, government agencies, and educational insitiuaions. These products are then resold or made into new products. reatilers - correct answer primarily sell products to ...

MIE 201 exam 3What are needs and wants - how is demand created? - correct answer You're hungry and you don't want to be hungry. You NEED to eat. Needs create the motivation to buy products and are the core of any decision of marketing. Your wants are based on your needs but are more specific. Producers try to shape your wants by exposing you to attractive choices. For ex. when you need food you may WANT a Snickers bar. What are the four utilities (know examples of each)? - correct answer Fo...