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