Answered: Write 2 or 3 paragraphs to teach the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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._______ A carefully constructed guide for the personstarting a business.
The business model canvas and the business plan are similar tools for business preparation. T F The standard of conduct and moral values regarding right and wrong actions in the work environment is integrity. T F The organizational culture of business involves understanding how the market defines the concept of its customers. T F An explanation of the organization’s values, intentions, and aims is the organization’s mission. T F Entrepreneurs are individuals who recognize opportunities where others see chaos and confusion. T F Branding is ensuring your products are better than those of the competition’s T F If a venture is not ripe for the market, customers will usually wait until the market becomes ready for the product especially if it is a strong product. T F A business plan is a written document that details how to get financing for a venture. T F Harvesting a proposed venture must be done on a timed basis. T F A P&L statement outlines…
4) Which of the following is a factor of production for a firm? A) legal consultants B) customers C) natural resources D) advertising media E) company reputation
(a) Using any organization of your choice, discuss the concept of the customer- centric approach, and identify how important that company’s customers are to its core business. (b) Identify four (4) ways in which your selected organization can recover customer goodwill when facing customer complaints.
responsibility, restorative, empathy, deliberative and futuristic.How would you apply these strength in an interview and business major?
Above picture showed a model used in Business strategy. A. Illustrate this Model and show the disadvantages of this type ?. B. Analyze the model by finding out the different between this type and Hyper-competition.
Commers are talking to each other about the new Dimex cleaning detergents. Consumers smission of the product's information is called: A ned of Emath B. Advertisin C. Bas makating D. Promotion 11. Search and so be greatest among those commiers who are A. Moderately knowledgeable B. Mamively knowledgeable C. Poorly knowledgeable D. Experts about the product 12. Tesla invited a dotes womes to drive se minivans and SUVs while the company's personnel observod them After, they were asked what they like and don't like about their vehicles The women were used M A. Foos groups H. Gemba C. Tinal quality management D. Co-cs
Which of the following are choices that managers must make in crafting their company's strategy? How to create products or services that will attract and please customers How to position the company in the industry How to compensate employees and attract top talent How to operate each functional area of the business
1) restaurants and retailers are often choosy about the music they play, because even the music can send a message. Fast music for example, trends to encourage shoppers to move just a bit faster through the store. Music in stores is an example of which P in the Reatil mix: A) presentation B) personnel C) pereivability D) preparation E) personality 2) ... is a metric/ analytic used across business fields. It measures the revenue per dollar spent on an initiative. A) ROI B) RPM C)WOM D)CPI D)POP 3) ... getting a product, service, or company name to appear in a movie or tv show or podcast production A) audience selectivity B) corporate engagement C) advergaming D) product placement
What is the relationship between data, information, business analytics, and knowledge? word limit: 350
( )4. Which of the following creates an unfavorable environment for innovations and entrepreneurship? Market economy B. Economic freedom tate monopoly in production D. Privatization
14- These pertain to the basic requirements for people to survive and live a comfortable life. a. demands b. market c. needs d. wants

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Write 2 or 3 paragraphs to teach the competency to somewho who has not taken Introduction to Business. 1. Explain industry competition.