Business Management Study guides, Class notes & Summaries

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...

Intro to Business Management Final Exam Study Guide With Complete Solutions 2024 form of partnership where one or more partners are not active in the daily running of the business, and whose liability for the partnership's debt is restricted to the amount invested in the business - answerlimited partnership technical skills - answerJimmy is very skilled lead programmer. He is well-versed not only in his job, but also in all aspects of the work performed by his employees, and he can succes...

Business Management Final Exam Study Guide 100% Solved Correctly 2024 Theory X - answerBusiness Management theory that assumes people are basically lazy and will avoid working if they can. Theory Y - answerBusiness management theory that assumes people find satisfaction in their work Theory Z - answerBusiness management theory that integrates Japanese and American business practices. Total Quality Management - answera system of management based on involving all employees in a constant p...

Business Management Final Exam Study Guide 100% Solved Correctly 2024 The business activity that is involved with how goods or services are exchanged between producers and consumers is - answermarketing Which is an example of a service business? - answerBank Which industry employs the most workers in the United States? - answerHealth care and social assistance An important characteristic of business is that it is - answerDynamic(experiencing constant change) Which of the following refer...