Mie 201: Makanui: Chapter 1 question n answers graded A+ 2023/2024

Mie 201: Makanui: Chapter 1 Business - correct answer tries to earn a profit by providing products that satisfy people's needs Products - correct answer the outcome of a business's efforts; can have tangible and intangible characteristics; goods, services, ideas profit - correct answer the primary goal of business; difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - correct answer do not have the fundamental purpose of earning profits, but they still provide goods and services; Habitat for Humanity, NPR Marketing - correct answer learn what products consumers want and need; satisfy customers needs and wants; analyze business environment and examine competition stakeholders - correct answer groups that have a stake in the success and outcome of a business primary business activities - correct answer management, marketing and finance management - correct answer develop plans, coordinate employees actions to affirm the businesses goals, organizing people to work efficiently, motivating employees; planning, organizing, leading and controlling operations - correct answer ensure that resources are successfully transformed into products and services finance - correct answer refers to all activities concerned with obtaining money and using it effectively