Business Now: Change is the only constant

Question 1

Population size & density, age, gender, race, education, & income are part of which environment

Accepted Answer

Social

Question 2

Speed-to-market

Accepted Answer

Both 2 & 3

Question 3

Era where businesses build long term relationships with customers to ensure long term business

Accepted Answer

Relationship Era

Question 4

Quality and quantity of goods and services available to a population

Accepted Answer

Standard of Living

Question 5

The relationship between the price of a good or a service and the benefits it offers is ___

Accepted Answer

Value

Question 6

Business Era in which businesses are constantly being evaluated by customers

Accepted Answer

Relationship Era

Question 7

When a business launches products that are too far ahead of the market

Accepted Answer

Bleeding Edge Firm

Question 8

People who risk their time, money, and other resources to start and manage a business are __

Accepted Answer

Entrepreneurs

Question 9

Era which shifted focus from production to consumer wants

Accepted Answer

Marketing Era

Question 10

Business era which caused the government to impose regulations to control business

Accepted Answer

Entrepreneurship Era

Question 11

Tools used to become more efficient and effective is which part of the business environment

Accepted Answer

Technological Environment

Question 12

An organization or activity that provides goods and services in an effort to earn a profit is _

Accepted Answer

Business

Question 13

Trade agreement that lowers tariffs and promotes free trade worldwide

Accepted Answer

General agreements on tariffs and trades

Question 14

What is Profit?

Accepted Answer

Both 2 & 3

Question 15

Business Era in which Henry Ford began the assembly line

Accepted Answer

Production Era

Question 16

Research Suggests that investing in worker satisfaction yields tangible, bottom-line results

Accepted Answer

True

Question 17

Successful firms embrace change by...

Accepted Answer

1 & 2

Question 18

When expenses are greater than revenue

Accepted Answer

Loss

Questions 18