Mgt 103 Study guides, Class notes & Summaries

MGT 103 Exam 1;Questions and Answers 100% Pass What state in today's United States has had 6 different country flags fly over it? Correct answer-Spain France Mexico The Republic of Texas United States of America Confederate States of America Tag line: Minnesota Texas UCSD Correct answer-We like it here Dont mess with Texas Break Things Bette

MGT 103 Exam; Questions and Answers 100% Pass Which of the following is an example of a good leader in the context of business? A. A person who relies on force to lead people B. A person who disobeys authority C. A person who is a dictator D. A person who can influence others E. A person who is efficent and does not delegate his or her duties Correct answer-D

MGT 103 Final Bates; Questions and Answers 100% Pass price Correct answer-money or other considerations exchanged for the ownership or use of a product or service barter Correct answer-practice of exchaning products and service for other products or services rather than for money price equation Correct answer-list price -incentives and allowances + extra fees value Correct answer-ratio of perceived benefits to price perceived benefits/price

MGT 103 Bates Final Exam; Questions and Answers 100% Pass __% of ticket sales are now Online Correct answer-50 Price Correct answer-the money or other considerations (think: bartering) exchanged for the ownership or use of a product or service Barter Correct answer-exchanging products and services for other products and services Calculating the Final Price (Formula) Correct answer-List Price - (Incentives + allowances) + Extra Fees

MGT 103 Exam; Questions and Answers 100% Pass 1.As a process, leadership can be defined as: A. the practice of empowering employees to participate in organizational decision making. B. the set of characteristics attributed to individuals who are perceived to be leaders. C. the use of noncoercive influence to shape an organization's goals. D. the ability to assess business process performance. E. the ability to adjust to and understand the changes in a workplace. Correct answer-C

MGT 103 Exam; Questions and Answers 100% Pass Steve has been tasked with the job of outlining decisions about resource allocation, priorities, and action steps that are necessary to reach one of his company's strategic goals. What is Steve developing? A. strategic plan B. operational plan C. strategic mission D. tactical plan Correct answer-A

Mgt 103 Final Exam; Questions and Answers 100% Pass Market segmentation involves aggregating prospective buyers into groups that have two key characteristics, what are they? Correct answer-common needs and similar response to marketing action in terms of market segments and products, what are the three market segmentation strategies? Correct answer-1 one product, multiple market segments 2 multiple products multiple segments 3 segments of one, aka mass customizato

Mgt 103 Demill Midterm 1; Questions and Answers 100% Pass What is marketing Correct answer-Delivering value to customers. Seeks to: Discover needs and wants of customers Satisfy them Exchange Correct answer-Money for goods and services Requirements for marketing to occur Correct answer-1. Two or more parties with unsatisfied needs 2. Desire and ability to satisfy these needs 3. A way for the parties to communicate 4. Something to exchange

MGT 103 Midterm 1: Questions With Verified Answers

MGT 103 - Bates Final Exam; Questions and Answers 100% Pass non durable goods Correct answer-goods that last a short period of time - consumer and advertising durable goods Correct answer-things that last for a while - personal and selling Convenience Products Correct answer-Items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort