QUESTION How do companies compete in a capitalistic economy? What will be an ideal response? ANSWER In a capitalistic economy, the means to produce goods and services are owned by private interests. People choose what they buy and what they sell; therefore, the free market determines what types of goods and services are produced […]
QUESTION In a bureaucratic organization, the structure has no apparent hierarchy. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Social programs and charitable donations made by businesses that have a tangible impact on people’s lives are referred to as _________________________. Fill in the blank(s) with correct word ANSWER corporate philanthropy
QUESTION Efficiently planning, organizing, directing, and controlling all of the processes that are involved in creating a particular product is known as operations control. Indicate whether the statement is true or false ANSWER FALSE
QUESTION What is sustainability and how does it keep companies competitive? What will be an ideal response? ANSWER Sustainability is the capacity for an organization to create profit for its shareholders today, while making sure that its business interests are in the best interests of the environment, and stakeholders of the future. Sustainable businesses […]
QUESTION The fourth decision making step is ________. a. rank the alternatives b. identify the goal(s) to be achieved and the decision to be made c. list alternatives d. isolate the facts ANSWER a
QUESTION New Beginnings Spa has introduced its own original organic skin care line. The company is donating a percentage of its profits to the National Breast Cancer Foundation, Inc The marketing goal achieved by this strategy is ________. a. affective b. psychological c. behavioral d. rational ANSWER a
QUESTION The fifth decision making step is ________. a. decide and act b. list alternatives c. isolate the facts d. rank the alternatives ANSWER a
QUESTION The second decision making step is ________. a. isolate the facts b. list alternatives c. decide and act d. identify the goal(s) to be achieved and the decision to be made ANSWER a
QUESTION The availability of labor thus can heavily influence a company’s decision of where to set up. Indicate whether the statement is true or false ANSWER TRUE
