- Study guides, Class notes & Summaries

Marketing - ANSWER the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large Marketing Concept - ANSWER a three-part business philosophy 1)customer orientation 2) service orientation 3) profit orientation

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5 pages

Written in 2024/2025

Grade A+

shantelleG

operations management - ANSWER all of the activities required to produce goods and services mass production - ANSWER manufacturing process that lowers the cost required to produce a large number or similar products over a long period of time analytical process - ANSWER breaks raw materials into different component parts synthetic process - ANSWER combines raw materials to create a finished product utility - ANSWER the ability of a good or service to satisfy a human need

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10 pages

Written in 2024/2025

Grade A+

shantelleG

Situational ethics can be described as which of the following? - ANSWER all of the above An equitable remedy may be all of the following except ____. - ANSWER money Who typically conducts "direct examination"? - ANSWER the plaintiff "Trigger-Happy Tom" shot wildly into a New Year's Eve crowd

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5 pages

Written in 2024/2025

Grade A+

shantelleG

Acquisition - ANSWER Occurs when one company purchases another, generally by buying most of its stock. Balance of Payments - ANSWER The difference between the flow of money into and out of a country.

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4 pages

Written in 2024/2025

Grade A+

shantelleG

A _____ is a violation of the rights of an identifiable individual or business that has been wronged by an intentional act, not by negligence. - ANSWER tort A ________ is a person of legal age and at least normal mentality who is considered by law to be capable of understanding the meaning of a contract and is permitted to enter into a valid contract. - ANSWER competent party A category of illegal activity that includes embezzlement, stock swindles, fraud against insurance companies, credi...

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11 pages

Written in 2024/2025

Grade A+

shantelleG

Primary - ANSWER collected in direct response to question at hand (customized, proprietary, expensive and time consuming) Secondary - ANSWER collected by "someone else" not for the question at hand (not customized, not proprietary, cheap and quick)

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6 pages

Written in 2024/2025

Grade A+

shantelleG

Legally Enforceable Agreement - ANSWER 1. offer 2. acceptance 3. consideration 4. legality 5. capacity 6. consent 7. writing Offer and Acceptance - ANSWER something needs to be proposed

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7 pages

Written in 2024/2025

Grade A+

shantelleG

What does social media empower stakeholders to do? - ANSWER Participate in the communication process by allowing them to share content, revise content, respond to content, or contribute new content. Which is greater- the usage of instant messaging or email? - ANSWER IM offers even greater speed than email, as well as simple operation and fewer problems with unwanted messages or security and privacy problems. Given the simple operation of instant messaging, it is not expensive.

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5 pages

Written in 2024/2025

Grade A+

shantelleG

Sole proprietorship - ANSWER One person starting a business Advantages of starting a sole proprietorship - ANSWER 1. Flexibility 2. Simplicity 3. Individual Tax 4. Secrecy 5. Dissolved easily

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7 pages

Written in 2024/2025

Grade A+

shantelleG

what is competition? - ANSWER rivalries for consumers dollars 5 types of competition? - ANSWER -pure competition -monopolistic -oligopoly -monopoly

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3 pages

Written in 2024/2025

Grade A+

shantelleG

Law - ANSWER 1. The ___________________________ consists of rules of conduct established by the government of a society to maintain harmony, stability, and justice. Morals Morality - ANSWER 2. ________________________ are values that govern a society's attitude toward right and wrong and toward good and evil. Therefore, ___________________________ ought to serve as a guide for those bodies within our society, such as the courts, the executive branch, the

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4 pages

Written in 2024/2025

Grade A+

shantelleG

A student argues that she should be allowed to take a scheduled test late because she worked all day before the exam in order to save money for a summer vacation. If the instructor refuses to allow her to take the exam late, the instructor is most demonstrating the character trait of ____. - ANSWER Fairness Gregory is discussing social contract theory with his classmates. He argues that for the social contract to work, people must adhere to its rules, and those who do not must be punished. If...

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2 pages

Written in 2024/2025

Grade A+

shantelleG

Statutes - Answer Law Created By Legislature. Common Law - Answer Established By A Precedent, Or Earlier Cases Decided By Courts. Stare Decisis " Let The Decision Stand

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3 pages

Written in 2024/2025

Grade A+

shantelleG

A unified set of statutes designed to govern almost all commercial transactions. - ANSWER UCC Explain the difference between binding precedent versus persuasive precedent. - ANSWER A binding precedent is an outcome of a previous case that requires to future, similar decisions to be made in the same way. A persuasive precedent is an outcome of a previous case that can either be followed or ignored in future, similar cases. People with _____ may have to stand up for their convictions against...

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22 pages

Written in 2024/2025

Grade A+

shantelleG

production - ANSWER the creation of goods and services using the factors of production. Land, labor, capital, entrepreneurship, and knowledge. production management - ANSWER describes all the activities managers do to help companies create goods operations Management - ANSWER A specialized area in management that converts or transforms resources (including human resources) into goods and services.

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4 pages

Written in 2024/2025

Grade A+

shantelleG

What is not one of the '4 Ps' of Marketing? - ANSWER Publicity What is a free way to promote a product? - ANSWER Public Relations Why do companies conduct Marketing Research? - ANSWER To identify past product usage, determine future customer wants, and uncover Marketing trends

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4 pages

Written in 2024/2025

Grade A+

shantelleG

What is Ethics? - ANSWER The study of how people should behave Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law? - ANSWER Milton Friedman John Johnson is a customer of company ABC. As such, John is a - ANSWER Customer and Stakeholder

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26 pages

Written in 2024/2025

Grade A+

shantelleG

Bus 115: Week 8 Final Exam Bus 115: Week 8 Final Exam Bus 115: Week 8 Final Exam

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32 pages

Written in 2022/2023

Grade A+

professorjm