Business Management - 1
What is "O" stand for in SWOT Analysis?
Opportunities
What is "L" stand for in PESTLE Analysis?
Legal
What is "P" stand for in PESTLE Analysis?
Political
What is "S" stand for in SWOT Analysis?
Strengths
What is "T" stand for in SWOT Analysis?
Threats
What are the "4P"s of marketing?
Product, Price,Place,Promotion
What is a market?
A place where buyers and sellers meet to exchange goods and services.
What is a brand?
A name, term, design, or symbol that identifies a business or its products.
What is a stock?
A share of ownership in a company.
What is LLC?
Limited Liability Company
What is an employer?
Someone who gets employees.
What is the term for a written agreement between two or more parties?
A contract
What is a competitor?
A business offering similar products or services targeting the same market
What is the term for the amount of money made by a business
"Revenue"
What does B2C stand for?
Business to Consumer
A form of business ownership in which the business is owned by two or more persons is a:
A. Sole Proprietorship B. Partnership C. Corporation
B. Partnership
What department of a corporation prepares income statements and balance sheets?
Accounting
A seller breaks down a large shipment of a product and sells portions of it to several retailers. The seller is decreasing a discrepancy of ____ A)Promotion B) assortment C)installation D) quality.
D. Quality
Interviewing potential employees, orienting new employees, and being in charge of employee benefits are typical job duties for employees in the ____ department?
Human Resources
The systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern is called:
A. Experimenting B. Problem Solving C. Marketing Research
C. Marketing Research
A tax imposed on imported goods and services
A) Import
B) Tariff
C) Excise tax
D) Embargo
B. Tariff
The study of how organizations produce goods and services
A) Managerial effectiveness
B) A transformation system
C) Management science
D) Operations management
D. Operations management
To observe and check the progress or quality of over a period of time.
Monitoring
The selling price of an item, less than the cost of goods sold
A) Debt service
B) Net profit after taxes
C) Net profit before taxes
D) Gross margin
D. Gross margin
The series of phases that a project passes through from its start to its completion.
Project Life Cycle