SDC Intro to Business Practice Questions 2

A market situation where there are many buyers and sellers, and no single seller has the power to affect the price.

The process where a company expands internationally by allowing a foreign company to use its brand and sell its product.

What is the Government’s role in Business Ethics?

Which of the key managerial skills involves the ability to think in large, abstract terms?

Which of the following is not considered a basic level of management?

The recognition that business activities have an impact on society and the consideration of that impact in decisions:

Which strategies are considered part of the 4 Ps, also known as the marketing mix?

Determining the number of employees a firm may need to hire in the future is what part of the HR Planning process?

The target market is defined as…

Which of the following is considered a consumer market segment?

If 1000 new jobs were created in your hometown, which scenario would likely occur in the local housing market?

A written guide of acceptable and ethical behavior for a given organization is called a ______________________?

The ultimate resource of a firm is its:

A manager who is said to “lead with an iron fist” has the following leadership style:

When the supply of a particular good increases beyond the demand, the good’s price will likely:

A market situation where there are a few, generally large, sellers who have the power to affect the price

A(n) _____ provides vision and direction, as well as understands how and where to use resources to achieve goals.

In the area of Human Resources, if a manager was dating a subordinate, this would be considered what?

The manager that makes up the largest group of managers and who implements strategy developed by top management.

Leaders: