Mie 201 test 1 makanui Study guides, Class notes & Summaries

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 do ...

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 of...

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 do ...

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 (1)

MIE 201 Test 1 Makanui Questions with Verified Answers Key Graded 100% Pass absolute advantage - Answer a monopoly that exists when a country is the only source of an item, the only producer of an item, or the most efficient producer of an item;agency - Answer a common business relationship created when one person acts on behalf of another and under that person's control;agent - Answer the one in an agency relationship who acts on behalf of the principal to accomplish the task;appellate c...