Into to Business: Chap 1

Timber, water, coal, and solar energy are classified as:

Human resources include:

A goal for business is to deliver value while generation profits

Demographic factors include age, gender, income, population size and density, etc.

Which is an example of Capital?

Nonprofit organizations contribute to their region's economic stability and growth

__ boomed as mass production took hold during the industrial revolution.

Leading dege businesses maintain a competitive advantage by introducing products

The four major categoreis of factors of production are:

The human resources factor includes physical, intellectual & creative inputs of workers

What is considered a business

The level of corruption and bribery in a country does not affect the running of businesses

While nonprofit organizations are not in the business for profit, they operate like a business

Entrepreneurs

The stock market, housing foreclosures, are part of an organization's __ environment

___ provides info. to business about where people live, their age, race, income, etc.

Theh four factors of production are natural resources, capital, money, and ownership

BMC receives funding from from corporate organizations to educate people about the ecology.

Production era create satisfied customers who act as advocates for the business

In a business __ is equal to sales minus expenses

Companies use capital to product goods and serivices

The evolution of business included the:

A tariff is

The relationship era introduced the idea:

The four factors of production come FREE of charge

The marketing era came immediately before the entrepreneurship era

There are three dimensions to the business environment: Financial, Technical, and Ethical

Nonprofit organizations are not in the business of:

Elite Spa works hard to make long term relationships with customers. What Era is Elite in

All people employed by nonprofit organizations are voluntary works and are not paid

As aging baby boomers retire, companies will:

Bleeding edge firms launch products that fail because they are too far ahead of the market

During the __, jobs became more specialized and the cost of goods became lower in the :

As a factor of production, capital would include:

The best way to enhance customer satisfaction is: