Functions of Business
What is the process of creating goods and services known as?
What is production?
What distinguishes a large business from a small business?
What is the number of employees and resources available?
What type of market involves transactions between businesses?
What is a business-to-business (B2B) market?
How can ethical considerations influence marketing strategies?
What is by guiding interactions with consumers and promoting brand trust?
What framework established four basic rights for consumers, including the right to safety?
What is JFK's Consumer Bill of Rights?
Which function of business focuses on promoting and selling products?
What is marketing?
Which type of business operates internationally?
What is a global business?
What term describes the demand for industrial products derived from consumer goods?
What is derived demand?
What are some consequences of poor ethical choices in marketing?
What are loss of customer trust, negative publicity, and legal repercussions?
What is the term for the movement advocating for consumer rights and interests?
What is consumerism?
What are the four key roles of management?
What are planning, organizing, leading, and controlling?
What type of organization focuses on social causes and does not aim for profit?
What is a nonprofit organization?
In which market do businesses sell goods and services to individual consumers?
What is a consumer market?
What does sustainability refer to in a business context?
What is meeting present needs without compromising future generations' ability to meet theirs?
What is a code of ethics?
What is a set of guidelines for ethical conduct in business?
What term describes the management of money and assets within a business?
What is finance?
What is the primary difference between public and private businesses?
What is ownership and whether they are traded publicly on stock exchanges?
Who are intermediaries that sell products in bulk to retailers?
What are wholesalers?
What is greenwashing?
What is misleading claims about a product's environmental benefits?
What are product recalls, and why are they significant?
What are actions taken when a product is found unsafe or defective?
What type of business primarily aims to generate profit for its owners?
What is a profit business?
What is the term for businesses that sell products directly to consumers?
What are retailers?
What is the term for buying and selling goods over the internet?
What is e-commerce?
What are the three basic questions of ethical decision-making?
What are: Is it legal? Is it balanced? How does it make me feel?
What does CSR stand for, and what does it emphasize?
What is Corporate Social Responsibility, emphasizing positive contributions to society and the environment?