Podcast
Questions and Answers
A company demonstrates social responsibility by adhering to a(n) ______, which ensures fair trade practices and ethical sourcing.
A company demonstrates social responsibility by adhering to a(n) ______, which ensures fair trade practices and ethical sourcing.
code of conduct
When a business adjusts its strategies based on consumer feedback and behavior patterns, it's primarily applying principles of ______.
When a business adjusts its strategies based on consumer feedback and behavior patterns, it's primarily applying principles of ______.
marketing
The concept of ______ refers to the moral principles and standards that guide the behavior of individuals and organizations in the business world.
The concept of ______ refers to the moral principles and standards that guide the behavior of individuals and organizations in the business world.
business ethics
Understanding how cultural norms influence purchasing decisions is crucial in ______ because these insights help tailor marketing strategies.
Understanding how cultural norms influence purchasing decisions is crucial in ______ because these insights help tailor marketing strategies.
[Blank] involves decisions related to investment, financing, and asset management to achieve the firm’s financial goals.
[Blank] involves decisions related to investment, financing, and asset management to achieve the firm’s financial goals.
Efficient ______ ensures that products are available to consumers at the right time and place, optimizing distribution networks.
Efficient ______ ensures that products are available to consumers at the right time and place, optimizing distribution networks.
A marketing strategy that focuses on building long-term relationships with customers and providing personalized experiences is known as ______.
A marketing strategy that focuses on building long-term relationships with customers and providing personalized experiences is known as ______.
When a company decides to invest in renewable energy sources, it demonstrates a commitment to ______, which can enhance its public image.
When a company decides to invest in renewable energy sources, it demonstrates a commitment to ______, which can enhance its public image.
Analyzing consumer ______ and preferences helps businesses identify new opportunities for product development and market segmentation.
Analyzing consumer ______ and preferences helps businesses identify new opportunities for product development and market segmentation.
Effective ______ helps companies optimize inventory levels, reduce costs, and improve overall efficiency in production and distribution.
Effective ______ helps companies optimize inventory levels, reduce costs, and improve overall efficiency in production and distribution.
Flashcards
Business Ethics
Business Ethics
A business's moral principles and values that guide behavior.
Financial Management
Financial Management
The process of planning, organizing, directing, and controlling a company's financial resources.
Consumer Behavior
Consumer Behavior
The study of individuals, groups, and organizations and all the activities associated with the purchase, use and disposal of goods and services.
Supply Chain Logistics
Supply Chain Logistics
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Marketing Mix (4Ps)
Marketing Mix (4Ps)
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Marketing
Marketing
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SWOT Analysis
SWOT Analysis
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Porter's Five Forces
Porter's Five Forces
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Business Model
Business Model
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