Business test
A product usually declined because a technological advances or environmental factors, or
Consumers have switched to competitive brands
Planning, organizing, motivating and leading make up the
Four basic functions in the management process
A manager, who has the ability to relate to people understand their needs, and show compassion has ____ skills
Interpersonal
Coordinating people and the other resources of an organization to receive the goals of the organization is the process of
Managemen
What is true about social media measurement tools
Most companies use quantitive measurements
One to two years
One to two years
Managers who create and manage systems that convert resources into goods and services are known as ____ managers.
Operations
A SWOT analysis is identification and evaluation of a firms strengths, weaknesses,_______
Opportunities
A positive problem may be viewed as
Opportunity
Social media can be accurately described as being about
People
Which is most likely to be part of a social dimension for a business environment
Population income
Implementing a decision requires time planning and
Preparation of personnel
Which of the following dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by group of people
Social
Which of the following is true about social media?
Social media is used by people to communicate about a firm's products and services.
The U.S. business system is commonly referred to as a mixed economy.
True
Too much taxation, an overuse of regulation, and limited choices in the broader business environment are likely to result in:
a decrease in entrepreneurial activities.
When Pepsi introduced Mountain Dew Code Red, it was
increasing the depth of a product mix
Consumer products can be divided into the following three categories
shopping, convenience, and specialty
Computers, digital tools, and telecommunications are most likely to be part of the _____ dimension of a business environment.
technological
All these can I have an effect on the business environment except
Competitive environment
If you have trouble with finding a job because the majority of businesses are falling revenues and profits. You are being impacted by what factor of the business environment
Economic
Legislation that supports enforceable contacts usually forms part of an organizations______ environment
Economic
Which of the following dimensions of a business environment is specifically highlighted when stock markets lose major portions of their values and when huge venerable institutions collapse financially
Economic
Beginning in 2017 a carrier, a heating,ventilation and air conditioning company will transfer manufacturing will transfer to Mexico because of the lower labor cost in Mexico, resulting in
Economic factors
Number of fans and number of likes are typical measurements for
The social media site with the largest amount a users is
Corporate officials are elected by the stockholders
False
How are the prices of homes effect number of homes built and sold would be an economic issue studied in macroeconomics course
False
An individual or organization granting a license to operate individually owned business, as though it was part of a chain of outlets or stories is an
Franchise
Increase competition for firms in other nations is an example of which factor in the business environment
Global
This is a benefit of_______ factors
Global
Economics is the study of how wealth is created a distributed
True
Online merchants like amazon.com can reach global consumer base 24 hours a day, seven days a week
True
Webinars are a social media tool used to sell other businesses
True
What is the primary disadvantage of both a sole proprietorship in a partnership that a corporation overcomes
Unlimited liability
During the peak or prosperity stage of a nations business cycle, businesses are reluctant to offer new products and services
false
Entirely new products are called
innovations
A manager with ____ skills has the ability to deal effectively with people inside and outside the organization.
interpersonal
The three levels of brand loyalty are preference, recognition,and instance
False
Even though the recession of 2008 ended several years ago youth unemployment continues to be higher than most times in our country's modern history This is an example of youth being impacted by which factor of the business environment
Economic
A product may be a good or service but not an idea
False
Amazon is no what are the top 10 largest retailers in the U.S even though they don't have any substantial physical retail presence this illustrates the impact of ______ factors in the business environment
Technology
According to economists, natural resources,labor,capital,and entrepreneurship are called
factors or production
A wiki is a online collaborative working space
True
Which of the following is the best example of how technology factors affect the business environment
80% of Fortune 500 companies have a presence on Facebook
To promote overall company image the product of Borden dairy company are packaged in similar design in color this approach is known as
Brand managing
A manager responsible for facilitating the exchange of products between an organization and its costumers through distribution and advertising is know as a ______ manager
Marketing
An increase in marketing to Hispanic consumers and expected increase in healthcare spending in the United States, is an example of how _______ factors are impacting the business environment
Social
Procter and gamble added new fragrances to its laundry detergent line an effort to appeal to Hispanic consumers
Social factors
What is a mistake that small businesses make when they're businesses begin growing
They over, expand without proper planning
