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Questions and Answers
Which of the following best describes business management?
Which of the following best describes business management?
- The actions taken by a company to make money (correct)
- The process of reaching business goals
- The strategies used to get customers
- The act of making money for a company
What is a company's mission in business management?
What is a company's mission in business management?
- The goals a company sets for its customers
- The vision a company has for its management
- The objectives a company has for its workers
- The desired outcomes a company wants for itself (correct)
Why is marketing important in business strategy?
Why is marketing important in business strategy?
- To create a great product or service
- To sell products to customers (correct)
- To develop new products
- To conduct research on customers
What does R&D stand for in the context of business strategy?
What does R&D stand for in the context of business strategy?
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Why is it important for a company to make people want to buy their product?
Why is it important for a company to make people want to buy their product?
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Which of the following best describes an acquisition in the context of business strategy?
Which of the following best describes an acquisition in the context of business strategy?
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What is one reason why a business owner might choose to use the strategy of mergers and acquisitions?
What is one reason why a business owner might choose to use the strategy of mergers and acquisitions?
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Which of the following is an example of a well-known acquisition?
Which of the following is an example of a well-known acquisition?
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What is the difference between a merger and an acquisition?
What is the difference between a merger and an acquisition?
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Why might a business owner choose to buy a company instead of growing their own company organically?
Why might a business owner choose to buy a company instead of growing their own company organically?
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