Mie 201 makanui Study guides, Class notes & Summaries
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Mie 201 Makanui Chapter 1 questions n answers graded A+ 2023/2024
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Mie 201 Makanui Chapter 1Business - correct answer tries to earn a profit by providing products that satisfy people's needs 
 
Products - correct answer the outcome of a business's efforts; can have tangible and intangible characteristics; goods, services, ideas 
 
profit - correct answer the primary goal of business; difference between what it costs to make and sell a product and what a customer pays for it 
 
nonprofit organizations - correct answer do not have the fundamental purpose of ear...
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MIE 201 Exam 1 Makanui Questions and Answers 2024
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MIE 201 Exam 1 Makanui Questions and Answers
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MIE 201 Test 4 Makanui Questions & Answers 100% Correct
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MIE 201 Test 4 Makanui Questions & Answers 100% Correct MIE 201 Test 4 Makanui Questions & Answers 100% Correct MIE 201 Test 4 Makanui Questions & Answers 100% Correct MIE 201 Test 4 Makanui Questions & Answers 100% Correct 
marketing - ANSWERSa group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas 
 
exchange - ANSWERSthe act of giving up one thing (money, credit, labor, goods) in return for something else (goods, ser...
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MIE 201 Exam 1 Makanui verified to pass 2023/2024
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MIE 201 Exam 1 
business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs 
 
product - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits 
 
profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it 
 
nonprofit organization - correct answer an organization whose goals do not include making a pers...
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Latest Update Graded A+
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MIE 201 Exam 2: Chapters 4, 5, 8 
Makanui NCSU Latest Update Graded A+ 
 
3 types of business ownership - sole propreitorship 
- partnership 
- corporation 
 
sole proprietorships - businesses owned by one individual 
- the most common form of business organization in the United States 
- easiest and least expensive form of business to start 
- ex: tutoring/bookkeeping/landscaping etc... 
 
sole proprietorship advantages - simplicity 
- single layer of taxation - taxed at individual rates 
- pri...
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MIE 201 Test #1 – Makanui – Q’s and A’s
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MIE 201 Test #1 – Makanui – Q’s and A’s
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Exam/117 Q’s and A’s
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Exam/117 Q’s and A’s
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MIE 201 Test 1 Makanui questions with correct answers 2024
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MIE 201 Test 1 
business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs 
 
products - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits 
 
profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it 
 
nonprofit organizations - correct answer organizations that may provide goods or services but d...
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MIE 201 Test #1 - Makanui
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MIE 201 Test #1 - Makanui
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MIE 201 Test 1 – Makanui Latest Version Graded A+
- Exam (elaborations) • 47 pages • 2024
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MIE 201 Test 1 – Makanui Latest Version 
 
Graded A+ 
 
Environments of Business - economic 
 
- market 
- technological 
- social 
 
- legal and regulatory 
 
market environment - a company's target customers, the buying influences that shape the 
behavior of those customers, and competitors that market similar products to those customers 
 
economic environment - conditions and forces that affect the cost and availability of goods, 
services, and labor and thereby shape the behavior of buye...
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