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Stichworte: firms products
What term refers to the knowledge, skills, and abilities of a firms workers?
If firms are earning zero economic profits, they must be producing at an output level at which
Why would foreign firms export a product at less than its cost of production?
Continuous manufacturing means; products are made with constant interruption in the production line.
Which one of the following is not an appropriate reason why firms try to grow?
What is the importance of strategic leadership in business firms organization?
The ratio of earnings to sales for a given time period is a firms profit margin.
Why is the statement of cash flows important in evaluating a firms performance?
What is the main difference between a firm’s immediate and external environments?
A celebritys picture on a products packaging increases the sale of the product.
Entry of new firms into monopolistically competitive industries is relatively easy because
Procuring products from suppliers close to one’s own facilities refers to ____.
As the aggregate price level rises the quantity of domestic products purchased by foreigners will
Ideas based on selling existing products or services in a new context are called:
Labor costs that can be easily and conveniently traced to specific products are
How might a given country’s regulatory environment impact a firm’s international strategy?
When firms see distribution partners as rivals this is known as channel conflict
Is a type of unsecured promissory note issued by large financially strong firms?
The total demand for many business products that is not affected much by price changes is called:
By increasing the perceived value of a firms products or services, a firm will be able to
A strategy in which firms collaborate to achieve a shared objective is known as:
___ is measured by dividing the total products produced by the number of workers.
Which of the following firms is most likely to identify avoiding risks as an objective?
Corporate partners work with a focal company to make and supply products and services to consumers.
Which of these products would most likely be produced with a fixed position layout?
A ______ is necessary for a consumer to differentiate between different products.
Who purchases and resells products to consumers for their personal or family use?
A ____ business sells directly to consumers products manufactured by other firms.
The primary purpose for allocating common costs to joint products is to determine
The EOQ model is best suited for items whose demand is dependent on other products
A ___________________ merger joins two firms operating in different stages of business.
Unlike a monopolistic firms product, a monopolistically competitive firms product
What is the combination of distribution channels by which a firm gets products to end users?
The forms of communication that an organization uses to promote its products are known as what?
What types of products usually use a flighting pattern for scheduling advertising?
Is the term that describes the actions a person takes in purchasing and using products and services
What is the term that refers to adding value to a product by making it more useful?
Which of the following is an advantage that small firms have over large businesses?
Which of the following business tools focus on a firms external threats and opportunities?
The firms overemphasis on cost reduction and short-term profits will increase the size of the
The ability to produce a variety of products within a short period of time is called
Why is a competitive firms marginal cost curve regarded as its supply curve quizlet?
Do utility created by converting production inputs into finished products is called?
Which of the following statements is true of perfectly competitive firms in long run equilibrium?
How do the cardiovascular system and the respiratory system work together to provide the body with oxygen and dispose of waste products?
What is the first step a marketer should take to estimate a products potential sales?
It is the use of outside vendors to produce products that were formerly produced in-house
What strategy involves seeking ownership of or increased control over a firms competitors?
Businesses use to help promote products and services and reach out to potential customers .
Which of the following is a company-focused pricing objective for sport/event products:
Why is it misleading to compare a companys financial ratios with those of other firms that operate within the same industry?
Aggregate planning for service firms with high-volume tangible output is directed toward
Which management focuses on the transformation process of input and raw materials into finished products?
When marketers send products to only a few preferred retailers they are using a N distribution strategy?
Products tend to be those that are visible to others (such as cars) and are more expensive, while
American consumers who preferentially select products made in the usa demonstrate high ________.
Middle managers make long range strategic decisions about the firms products and services
Which strategy seeks to increase market share of present products or services in present markets through greater marketing effects?
Strategic market research: identifying products, services and technologies when performing
Which function of a firm is concerned with the design of products and production processes
What refers to the decision processes and actions of people who purchase and use products?
Many manufacturers pay product testing organizations to perform safety tests on their products
What is the term applied to the efforts of individuals to produce and sell products and services that satisfy social needs through the Internet?
What effect does bringing together the skills and knowledge of members from different parts of the organization have on a firms responsiveness to customers?
What is company growth through starting up or acquiring businesses outside the companys current products and markets?
What involves actually distinguishing the firms market offering to create superior customer value?
What is the way the product is defined by consumers on important attributes the place the product occupies in consumers minds relative to competing products?
Under Which strategy would you offer products or services to a wide range of customers at the lowest price available on the market quizlet?
Which strategy is effective when you but related products could be offered at highly competitive prices?
Which of the following growth strategies employs the existing marketing mix and focuses the firms efforts on existing customers?
The tendency of firms to extend sales ownership and manufacturing to new markets abroad is
Normally, the more involved a board of directors is in shaping the firms strategic direction, the:
Informal communication among consumers about products and services involves word-of- influence.
A product diversification strategy focuses on developing entirely new products for new markets
Which cost accumulation procedure is best suited to similar products in the production process?
Using absorption costing, which of the following manufacturing costs are assigned to products?
To support the other promotional efforts, firms use ________ to generate free media attention.
If the goal is to maximize profit, at which point on the graph would a firm’s output be optimized?
Which of the following sections of a business plan comes first but should be last C products and services D funding request B executive summary goals and strategies?
Which of the following is not an example of a firm’s efforts toward greater sustainability?
The best way to understand a firms financial health and stability is to look at its ______.
Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?
To evaluate the effectiveness or performance of a marketing strategy, firms most effectively use
What results from the added costs incurred as a result of exporting products from one country to another quizlet?
In which of the following ways can a company make its products more economical for buyers?
Listing products in descending order of their individual dollar contribution to the firm is called
Firms that buy products from manufacturers and ultimately resell them to retailers are called:
Are short term incentives which are used by firms to encourage the buyers to make immediate purchase of their products?
Which concept states that consumers will favor products that offer the most quality performance and features?
What is a box running across a website that advertises the products and services of another business usually another ebusiness multiple choice question?
Which framework helps firms identify their economic legal ethical and philanthropic obligations to society quizlet?
Which of the following is a difference between entrepreneurially managed firms and traditionally managed firms?
What term refers to all raw materials components completed or partially completed products and pieces of equipment a firm uses?
In the short run, which of the following is true of a firms average total cost of production
Which Organisational structure is suitable for business having a large variety of products?
Which type of store is much larger than regular supermarkets and offers a large assortment of routinely purchased food products nonfood items and services?
The trend away from personal salespeople to self-service in many retail outlets has caused firms to:
How can marketers use an understanding of consumers personalities to market their products?
A competitive strategy which is based on selling existing products to existing markets is called
Which business function involves activities that make products and services available to consumers?
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