Business Management

Business Management Exam Questions With 100% Correct In addition to being yours and written down, strong goals must have what three qualities? - answerSpecific, measurable, and have a time limit Writing down your goals will do what for you? A. Hold you accountable B. Help you remember them C. Keep them in front of you D. All of these - answerD A ___ is a written document that outlines your goals and how you plan to reach those goals - answerBusiness plan When hiring staff, what is a g...

IB Business Management definitions 2024 Mission Statement - answerA positive statement setting out a business's core aims in order to motivate employees and engage the interest of external stakeholders. Cooperative - answerA group of individuals (workers, consumers or producers) working together to meet common goals. Corporate Social Responsibility (CSR) - answerRelates to the social, ethical, and environmental responsibilities identified by businesses & the strategies that they adopt to ...

Higher Business Management - Understanding Business Exam Questions And Answers 2024 Primary sector - answerConsists of businesses that are involved in the extraction and exploitation of natural resources Secondary sector - answerConsists of businesses that are involved in manufacturing and construction, by taking the natural resources provided by the primary sector and turning them into goods to be sold later Tertiary sector - answerConsists of businesses and organisations that are invol...

Business Management Test #1 Exam Questions And Answers 2024 Are most of the businesses currently operating in the United States manufacturing firms? - answerNo Do businesses vary in size from one employee to thousands of employees? - answerYes Is an organization that produces or distributes a good or service for profit called a business? - answerYes Do service firms produce goods? - answerNo Does marketing deal with money matters related to running a business? - answerNo Does the supply...

Business Management Test #2 Exam Questions And Answers 2024 TRUE OR FALSE international business involves the buying selling and trading of goods and services across national boundaries. - answerTRUE TRUE OR FALSE Nations trade with other nations to obtain resources that would otherwise be unavailable to them. - answerTRUE TRUE OR FALSE Fit Rite a firm based in the united states buys metal parts from china to manufacture its fasteners in doing so the company is engaged in exporting. - ...

Business Management Test Exam Questions And Answers Solved Correctly 2024 The routes that products take from the time they are produced until they reach the customer are the channels of distribution. - answerTrue Retail stores can distribute their products to consumers by having convenient hours for customer, shipping directly to consumers, and being accessible through the Internet. - answerTrue Unlike retail businesses, service businesses do not have channels of distribution because they...

Business Management UNIT 3/4 EXAM Questions With 100% Correct Answers 2024 Sole Trader - answerBusinesses owned and operated by a single individual. Advantage: -Owner has complete control over all decisions in the business - The owner has the right to keep all the profits after taxes Disadvantage: - Unlimited liability for business debts - Burden of management and failure all falls to the owner Partnership - answerBusinesses that are owned by a minimum of 2 and a maximum of 20 people. ...

Business Management Final Exam 100% Solved Correctly Marketing - answer__________ is best described as a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services and ideas. Marketing Decisions - answerFor the products launched by companies to succeed, it is important that all the functional areas of the business are coordinated with __________. Exchange - answerAt the heart of all business is the __________, the act of giving ...

Business Management Final Exam 100% Solved Correctly 2024 manager - answeraccomplishes goals through efficient use of resources 1. planning 2. organizing 3. implementing 4. evaluating - answer4 ways managers accomplish goals through efficient use of resources Classical Management - answerBased off of observing employees and communicating the best practices Administrative Management - answerspecialization; finding people with good specialized skills, and training them to make it even be...

Small Business Management Final Exam With Complete Solutions independent; local - answerIn order for a business to be classified as small, its management is _____ and the area of operation is primarily _____ self-employment - answerA major reason for the increased interest in small businesses is there is a growing trend toward _____ new ideas; services - answerOne of the contributions of small businesses is that they are sources of _____ or _____ that larger businesses may be unable to pr...