Economics- kahoots
short, specific, understandable
A mission statement should be:
innovation
Because of a business's organizational design, employees are able to work together
assess a new product or promotion.
Before Lynette takes her new product to a mass audience, she should write a business plan to
direction for business activity
Established clearly formulated, overall organizational objectives provide business with:
Acquire funding for a new idea
In what way can an existing business benefit from writing a business plan?
define managers' rules
In which way can a start-up business benefit from writing a business plan?
exchanges
Marketing is described as creating
line authority
Mason is the vice president of marketing at his company. he directly supervise everyone. He has
specialization by profession
Milk requires different workers to distribute to customers. This is an example of
estimate financial needs
One of the main reasons why owners develop a business plan before starting business is to:
understand the risks involved
One of the purposes of developing a business plan before starting a new business is to:
implement a strategic plan
Since Justin needs to examine the methods used to reach his company's goals he wants a plan to
when inflation is too high
The _____ represents a good time for a country's govt. to use fiscal policy to increase taxes
federation
The highest level of labor union organization is the:
executive summary
The part of a business plan that gives an overview of the entire document is the:
planning
What provides the basis for all marketing goals and actions
marginal cost
What's important info a businesses considers when deciding profitability increasing production?
communicating with customers
Which of the following is a marketing activity
personal selling
Which of the following is a method used to communicate with customers
to improve its image
Which of the following is a reason a business might engage in corporate social responsibility:
To maintain or increase the market share.
Which of the following is an example of a company objective that may be developed by top mgmt: