Business - Introduction To Business. Quizlevel2

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Subjective appraisal methods use some measurable quantity, such as dollar volume of sales, as the basis for assessing performance.

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The effects of changes that can cause a product to become obsolete almost overnight would best be called ____ forces.

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Ella runs a handicrafts shop named Pentcrafto, where she sells home décor products made from recycled paper. In the context of marketing, which of following utilities does Pentcrafto's products most likely provide?

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_____ is the abilityof goods and services to satisfy consumer wants.

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Green marketing has created an abundance of promotional opportunities, as marketers reach out to consumers via new tools, such as interactive advertising, virtual reality displays, text messaging, and video kiosks.

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Jamie Potts works for a California-based computer manufacturer. According to Jamie, the time required to develop a new product has decreased because of the increased use of ____ software.

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Survey research is the marketing researchthat does not require the researcher to interact with the research subject.

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Liz Claiborne, Inc. has a system that combines the use of computers to aid in the development of products and the use of computers to plan and control manufacturing processes. What is this combined system called?

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FMS allows a company to combine ____ into a single system.

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Costs that depend on the number of units produced are called variable costs.

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In the context of marketing research, secondary data is existing data that marketers gather or purchase for a research project.

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Discuss the effect of Title VII of the Civil Rights Act of 1964 on employment opportunities for minorities. Are the effects similar to those of the Age Discrimination and Employment Act?

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Walmart is incorporated in Arkansas, the state of its origins and headquarters. Within Arkansas, Walmart is classified as a(n) ____ corporation.

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Isabella is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignment.

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Deere and Company, the maker of John Deere tractors, was one of the first firms to combine robotics and computer-integrated manufacturing. By doing this, it achieved more efficiently utilized facilities and greater flexibility in production. The method of production that has given Deere these tremendous improvements in operations is known as

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A major disadvantage of primary data is that it gets frequently outdated.

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Meadowlark Medical Offices noticed that appointments taken by receptionists resulted in a lag between patients arriving, checking-in, being directed to an open treatment room, and the doctor being notified that they were in the treatment room waiting. To eliminate this lag, an electronic check-in system was installed. Patients now enter their information in the computer in the waiting room and all of the other functions are handled electronically with the receptionist only required to open the door, greet the patient, and walk them to the treatment room. When the treatment room door closes, a light above the door notifies the staff that the room is occupied. This is an example of a way to _____ productivity.

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Long-term financing should be used to do which of the following?

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Primary data is thenew data that marketers compile for a specific research project.

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A product usually declines because of technological advances or environmental factors or because

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The consumer price index (CPI)

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In the context of the statement of retained earnings, any change in retained earnings is found by subtracting:

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Business - Introduction To Business. Quizlevel2

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