Briana Davis
When there is not enough of a resource available for everyone to have as much of it as desired, the resources is a(n) resource.
Limited
How does the finance function relate to company spending?
It plans and controls spending
Which change provides the most time utility for a consumer?
Staying open for business on the weekend
During the industrial Revolution, the factory system caused?
An increased focus on farming.
Wendy's sells the right to operate it's restaurants to individuals who meet the company's criteria. The arrangement between Wendy's and these individuals is an example of,
Franchising
An economic good or service that is scarce is one that is,
In limited supply
In business terms, what is profit?
A monetary reward
In the marking concept, whose point of view matters most?
Buyer's
Japan and U.S. buy and sell each other's goods and services. This is an example of,
Global trade
Which of the following economic resources is responsible for combining the other resources to produce goods and services?
Human resources
Which of the following government actions is most likely to stimulate the economy?
Lowering tax rates
A producer is someone who?
Makes things
Using a stream to supply water to a field in order to grow crops is an example of using?
Natural resources
A main reason that environmental scanning is important is so that businesses can be aware of,
Potential threats
Nic's company is making some quick changes in responses to shifting market conditions, the ability to easily realign it's people and resources appropriately is called,
Scalability
Retailing takes place whenever goods are,
Sold to ultimate consumer
A well-planned organizational helps a business to better compete because
The because is more productive
A socially responsible business will attempt to give customers,
The best products at the best price
