stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
The Global Business Environment & Management Flashcards | StudBud
Explore
/
The Global Business Environment & Management
The Global Business Environment & Management
34 terms
·
StudBud Administration
·
92 plays
The basics to #business, their #environments, #organization, #HumanResources, and #strategy.
Flashcards
34 cards
F
Practice quiz
P
Host live
L
Questions
34
Answers
1
Which of the following economic environments don't belong?
Subsistence economies
Agricultural economies
Developing economies
Industrial economies
2
What's the Marketing Environment?
The location where business is conducted
Actors/forces that affect management's abilities
Mediums that interconnect business practices
An example of sustainable and green business practices
3
Microenvironment: What provides resources need by the company to produce its goods/services?
Suppliers
The Company
Competitors
Marketing Intermediaries
4
What is a Value Proposition?
A deal or arrangement between two or more businesses
A statement that satisfies the business and consumers
The financial gain a business receives through consumers
Set of benefits or values to deliver to consumers
5
Management of Functions: Who/what secures financial resources and implements the plan:
Directing
Organizing
Controlling
Staffing
6
What do entrepreneurs do?
Keep the economic environments strong
Commercialize new ideas/concepts
Control middle management
Bring goods/services to the consumer
7
Who or what are Stakeholders?
First Line Management
Shareholders
Chefs
Workers / Customers
8
Macroenvironment: Which demographic doesn't belong?
Baby boomers
Millenials
The worst generation
Generation X
9
What's the difference between a need and a want?
Necessity vs Desire
Choice vs Decision
Risk vs Investment
Addiction vs Relief
10
Management of Functions: Who/what recruits the best people possible for the tasks:
Directing
Planning
Staffing
Organizing
11
How are the Marketing and Sales Concepts contrasted?
All of the above
Out to In VS In to Out approach
Consumers VS Clients
Focus on intermediaries VS Focus on external environments
12
What are assets?
Buildings
Equipment
Money
All of the above
13
What's the Macroenvironment?
Large societal forces that affect the Macroenvironment
Actors close to the company that affect its ability to serve
The smaller side of business practices
The large side of business practices
14
Chain of Commands: Which isn't part of the 3 Types of Management?
Bottom Management
First Line Management
Top Management
Middle Management
15
Which one is not a skill or knowledge in management?
Technical Expertise
Agricultural Professional
Critical Thinking Skills
People Skills
16
Microenvironents: Within the company, what doesn't belong?
Top Management
Purchasing
Outsourcing
R&D
17
Who's more likely to take a risk?
Start-ups
Medium-sized business'
Big company
College students
18
In HR, employees are seen as:
Cost
Liability
Investment
Risk
19
What is a Mission Statement?
The steps the business needs to take to achieve it's revenue
The end goal of a business
Statement about issues that the company feels are important
Expresses principles/philosophy on how a business should run
20
Chain of Command: They bridge the gam between management and on-management labor force:
Bottom Managers
First-Line Managers
Top Managers
Middle Managers
21
Which of the following is not a Marketing Management Orientation?
The Production Concept
The Selling Concept
The Positioning Concept
The Marketing Concept
22
What is the Economic Environment?
Economic factors that affect consumer purchasing power
Economic factors that affect consumer bargaining
Economic factors that affect the company purchasing power
Economic factors that affect consumer spending patterns
23
Which one affects the Macroenvironment?
The Technological environment
The natural environment
The cultural environment
The political and social environment
24
Which of the following is not an objective of HR:
Achieve organizational mission
Achieving stric and rigid expectations for company success
Synergy
Ensure commitment to their jobs / organization
25
What would not be considered First-Line Management?
Lead Chef
Floor Supervisor
Office Manager
CEO
26
Which of the following does not enhance company culture?
Micro Management
Coaching
Training
Performance Management
27
What is business?
An activity: good/service at an expense
An activity: always a risk
An activity: good/service at a profit
Taking a risk in anticipation of a gain
28
What is Marketing Management?
Customer Management
Client Management
Demand Management
Supply Management
29
What is Human Resources?
Part of a company focused on activities relating to workers
Part of a company focused on hiring / allocation resources
Part of a company that uses humans as resources
None of the above
30
What is Risk & Return
Invest only in safe bets
Gamble only the riskiest decisions
Save up to avoid costs
Taking a risk in order to gain a return
31
What is an entrepreneur?
Those who invest in a business
Those who take over a business
Those who end a business
Those who start a business
32
What's the Microenvironment?
The smaller side of business practices
The large side of business practices
Large societal forces that affect the Microenvironment
Actors close to the company that affect its ability to serve
33
What is an investment?
Taking a risk expecting on average to gain
Donation to a non-profit
Taking a risk expecting on average to lose
A return based off an unfavorable risk
34
Microenvironment: What helps a company promote, sell, & distribute its product to final buyers?
Suppliers
Marketing Intermediaries
Competitors
The Company
