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Bus 100

In: Business and Management

Submitted By agu21
Words 355
Pages 2
 Question 1
5 out of 5 points | | | In the relationship era, firms began to recognize that cultivating current customers is more profitable than constantly _____Answer | | | | | Selected Answer: | seeking new customers. | Correct Answer: | seeking new customers. | | | | |
 Question 2
5 out of 5 points | | | _____ refers to the quality and quantity of products and goods available to a population at a given time.Answer | | | | | Selected Answer: | Standard of living | Correct Answer: | Standard of living | | | | |
 Question 3
0 out of 5 points | | | In order to effectively compete many companies have taken proactive steps to hire and nurture people from broad range of backgrounds. This is an example of which business environment?Answer | | | | | Selected Answer: | competitive | Correct Answer: | social | | | | |
 Question 4
5 out of 5 points | | | The core goal of business is to generate long-term _____ by delivering _____ to their customers.Answer | | | | | Selected Answer: | profit, value | Correct Answer: | profit, value | | | | |
 Question 5
5 out of 5 points | | | During the marketing era consumers found:Answer | | | | | Selected Answer: | more choices for goods and services. | Correct Answer: | more choices for goods and services. | | | | |
 Question 6
5 out of 5 points | | | All of the following are basic freedoms encouraging entrepreneurship EXCEPT_____Answer | | | | | Selected Answer: | freedom of guaranteed profits | Correct Answer: | freedom of guaranteed profits | | | | |
 Question 7
0 out of 5 points | | | _____ boomed as mass production took hold during the Industrial Revolution.Answer | | | | | Selected Answer: | Entrepreneurship |...

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