Mie 201 test 1 Study guides, Class notes & Summaries

MIE 201 Test 1 – Makanui Latest Version Graded A+ Environments of Business - economic - market - technological - social - legal and regulatory market environment - a company's target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers economic environment - conditions and forces that affect the cost and availability of goods, services, and labor and thereby shape the behavior of buye...

MIE 201 Test 1 Makanui Latest Update Graded A+ business individuals or organizations who try to earn a profit by providing products that satisfy people's needs products a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations organizations that may provide goods or services but do not have the fundamental p...

MIE 201 Test 1 Questions with Verified Answers ___ is the money a company generates through the sale of products and services revenue A(n) _______ is a firm pursing profits that offers products and services projected to fulfill consumers' needs. business The framework that outlines how a firm plans to generate revenue is known as a(n) ____________. business model In a business, after all expenses are paid, the leftover money is called ___________. profit Company LMT competes...

MIE 201 Test 1 Makanui Questions & Answers 100% AccurateMIE 201 Test 1 Makanui Questions & Answers 100% AccurateMIE 201 Test 1 Makanui Questions & Answers 100% Accurate business - ANSWERSindividuals or organizations who try to earn a profit by providing products that satisfy people's needs products - ANSWERSa good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - ANSWERSthe difference between what it costs to make and sell a product a...

MIE 201 Test 1 Makanui (Questions & Answers) Solved Correctly!!

MIE 201 Test 1 - Questions and Answers When ABC Manufacturing buys parts and materials in large quantities and thereby obtains much better pricing and costsavings, it is utilizing _____. economies of scale The broadest indicator of international trade is the ________. balance of payments Which one of the following statements does NOT accurately describe foreign exchange rates and currency valuations? a currency is called strong relative to another when its exchange rate is lower than what is e...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

MIE 201 Test 1 Makanui Questions with correct Answers

MIE 201 Test 1 business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - correct answer organizations that may provide goods or services but do ...

MIE 201 TEST 1 (Chapters 1-4)