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: