Utility
The ability of a good or service to satisfy a wants and needs of customers.
What is utility?
Groups of geographically or organizationally dispersed co-workers who use a combination of telecommunications and information technologies to accomplish an organizational task.
What is a virtual team?
The group of people toward whom an organization markets its goods, services, or ideas with a strategy designed to satisfy their specific needs and preferences
What is a target market?
The process of measuring, interpreting, and communicating financial information to enable people inside and outside an organization to make informed decisions.
What is accounting?
An activity in which two or more parties give something of value to each other to satisfy perceived needs.
What is the exchange process?
Created by converting raw materials and other inputs into finished goods and services for consumers to purchase.
What is form utility?
A group of workers who are empowered with the authority to decide how its members complete their daily tasks.
What is a self-managed team?
One of the most common forms of segmenting consumer markets uses characteristics such as age, income, household size, and/or ethnic group.
What is deographic segmentation?
A document that specifies the funds a company will need for a period of time, the timing of inflows and outflows, and the most appropriate uses of funds.
What is a financial plan?
Organizations that allow employees to view sensitive financial information so that they better understand how their work contributes to the company's success are practicing this.
What is open-book management?
Making a product available in a location convenient for customers.
What is place utililty?
A combination of workers from different functional areas; such as production, marketing, and finance.
What is a cross-functional team?
A form of promotion in which marketers attempt to establish the identity and value of their products in the minds of customers by communicating to buyers meaningful distinctions about the attributes, price, quality, or use of a good or service.
What is positioning?
The most famous and one of the oldest stock markets in the world, having been founded in 1792.
What is the New York Stock Exchange?
The federal agency that insures deposits at commercial and savings banks.
What is the Federal Deposit Insurance Corporation?
Involves an orderly transfer of goods and services from the seller to the buyer.
What is ownerhship utility?
A temporary combination of workers who gather to solve a specific issue and then disband.
What is a problem-solving team?
The four common bases for segmenting consumer markets.
What is geographic, demographic, psychographic, and product-related segmentation?
The basic form of corporate ownership is embodied in this.
What is common stock?
Anything a company owes to creditors.
What is a liability?
Created by making a good or service available when customers want to purchase it.
What is time utility?
Represents the variances in ability, experience, personality, or any other factor on a team.
What is team diversity?
Marketers can use this type of analysis to determine the profits or losses likely to result from different prices, which helps determine the most appropriate price for a product.
What is breakeven analysis?
A statement of a company’s financial position on a particular date.
What is the balance sheet?
Anything of value owned or leased by a firm, and can be tangible or intangible.
What is an asset?