BUS 179 Quiz

• To minimize costs
• To satisfy the customers' needs (correct)
• To maximize revenue
• To dominate the market

• Revenue is the money from sales, while profit is the money left after deducting costs (correct)
• Revenue is the total sales, while profit is the total expenses
• Revenue is the total income, while profit is the income after taxes
• Revenue is the money left after deducting costs, while profit is the money from sales

• Reducing the price of goods and services
• Increasing the quantity of goods and services
• Transforming lower-value inputs into higher-value outputs to satisfy customers (correct)
• Expanding the market reach

<p>A system for creating value by transforming inputs into outputs to satisfy customers (D)</p> Signup and view all the answers

<p>Viewing it as a system for satisfying customers by adding value (A)</p> Signup and view all the answers