POBM-Module 1

what is not a factor of production?

External stakeholders are groups outside the business or people who do not work inside the business.

A stakeholder is an individual or a group that has a legitimate interest in a company, organization, or business.

Which functional area of a business is responsible for converting the factors of production into goods and services?

How do you define “loss”?

T or F Business is any activity that provides goodsor services to consumers for thepurpose of making a profit.

which one is not a internal stakeholder?

How many factors of production are there?

What is another name for resources?

How do you define "Profit"?

How do you define “value”?

How many functional areas are they in a business?

Which is an example of a non-profit business?

Who are internal stakeholders?

T or F For profit provides goods or services to consumers for the purpose of making a profit?

Examples of goods are tangible items such as?

The competitive environment has not intensified with the development of new technologies?

A nonprofit or not-for-profit business is one that provides goods and services to consumers?

T/F Marketing identifies customers’ needs and designs products and services that meet those needs?

The expansion of internet access all over the world has not forced many traditional businesses into e-commerce?