Mie 201 test 1 Study guides, Class notes & Summaries

MIE 201 TEST 1 (Chapters 1-4)

MIE 201 TEST 1 (Chapters 1-4) Revenue - correct answer money a company brings in through the sale of goods and services Business - correct answer any profit seeking organization that provides goods and services designed to satisfy customer's needs Business Model - correct answer a concise description of how a business intends to generate revenue Profit - correct answer money left over after all the costs involved doing business have been deducted from revenue Competitive Advantage ...

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...

business - ANSWERSindividuals or organizations who try to earn a profit by providing products that satisfy people's needs products - ANSWERSa good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - ANSWERSthe difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - ANSWERSorganizations that may provide goods or services but do not have the fundamental purpose of earning pro...

MIE 201 Test #1 – Makanui – Q’s and A’s

MIE 201 Test #1 - Makanui

MIE 201 Test 1

MIE 201 Test #1 – Makanui Exam Questions and Answers Environments of Business - Correct Answer ️️ -- economic - market - technological - social - legal and regulatory market environment - Correct Answer ️️ -- 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 - Correct Answer ️️ -- conditions and forces that affect the cost and availability o...

MIE 201 Test #1 - Environments of Business - correct answer - economic - market - technological - social - legal and regulatory market environment - correct answer - 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 - correct answer - conditions and forces that affect the cost and availability of goods, services, and labor and thereby shape the behavior ...

MIE 201 Test #1 – Makanui Questions and Answers