Podcast
Questions and Answers
Which of the following best defines a business model?
Which of the following best defines a business model?
- The system for satisfying customers by transforming inputs into outputs
- The outline of how a business intends to generate revenue (correct)
- The amount of money left after expenses
- The money a company brings in through the sale of goods and services
What is the term used to describe the money a company brings in through the sale of goods and services?
What is the term used to describe the money a company brings in through the sale of goods and services?
- Profit
- Competitive advantage
- Revenue (correct)
- Moral hazard
Which type of organization does not have profit purposes?
Which type of organization does not have profit purposes?
- Goods producing businesses
- Service businesses
- Non-profit organization (correct)
- For-profit companies
Which of the following is an example of a potential negative impact of a business?
Which of the following is an example of a potential negative impact of a business?
Which environment is shaped by laws and regulations at various levels?
Which environment is shaped by laws and regulations at various levels?
Which department is responsible for research and development in most companies?
Which department is responsible for research and development in most companies?
Which of the following best defines a business model?
Which of the following best defines a business model?
What is the term used to describe the money a company brings in through the sale of goods and services?
What is the term used to describe the money a company brings in through the sale of goods and services?
Which of the following is an example of a potential negative impact of a business?
Which of the following is an example of a potential negative impact of a business?
Which department is responsible for research and development in most companies?
Which department is responsible for research and development in most companies?
Which environment is shaped by laws and regulations at various levels?
Which environment is shaped by laws and regulations at various levels?
Which type of organization does not have profit purposes?
Which type of organization does not have profit purposes?
What is the term used to describe the amount of money left after expenses?
What is the term used to describe the amount of money left after expenses?
Which of the following best describes a competitive advantage?
Which of the following best describes a competitive advantage?
Which type of businesses creates value by making things?
Which type of businesses creates value by making things?
Which type of businesses creates value by performing activities that deliver some benefit to the customer?
Which type of businesses creates value by performing activities that deliver some benefit to the customer?
Which of the following is NOT a potential negative impact of a business?
Which of the following is NOT a potential negative impact of a business?
Which environment is influenced by trends and forces of society at large?
Which environment is influenced by trends and forces of society at large?
Which department is responsible for manufacturing, production, and operations in most companies?
Which department is responsible for manufacturing, production, and operations in most companies?
Which environment is influenced by the cost and availability of goods, services, and labor?
Which environment is influenced by the cost and availability of goods, services, and labor?
Which environment is shaped by laws and regulations at various levels?
Which environment is shaped by laws and regulations at various levels?
Which department is responsible for research and development in most companies?
Which department is responsible for research and development in most companies?
Which of the following is NOT an area of a company?
Which of the following is NOT an area of a company?
Which of the following is influenced by the practical application of science to innovations and products?
Which of the following is influenced by the practical application of science to innovations and products?
Which of the following describes any resource or capability a company must have before it can start competing in the market?
Which of the following describes any resource or capability a company must have before it can start competing in the market?
Which of the following is NOT a way in which a business can contribute to society?
Which of the following is NOT a way in which a business can contribute to society?
Flashcards
What is a business model?
What is a business model?
The plan a company uses to make money.
What is revenue?
What is revenue?
The money a company earns from selling goods or services.
What is a non-profit organization?
What is a non-profit organization?
Organizations that focus on helping others and don't aim to make a profit.
What are potential negative impacts of a business?
What are potential negative impacts of a business?
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What is the legal environment?
What is the legal environment?
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What is Research and Development (R&D)?
What is Research and Development (R&D)?
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What is the external environment?
What is the external environment?
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What is profit?
What is profit?
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What is a competitive advantage?
What is a competitive advantage?
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What are goods-producing businesses?
What are goods-producing businesses?
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What are service businesses?
What are service businesses?
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What is a barrier to entry?
What is a barrier to entry?
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How can businesses contribute to society?
How can businesses contribute to society?
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What is the social environment?
What is the social environment?
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What is the marketing, sales, distribution, and customer support department?
What is the marketing, sales, distribution, and customer support department?
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What is the economic environment?
What is the economic environment?
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What is the technological environment?
What is the technological environment?
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What are the different areas of a company?
What are the different areas of a company?
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