Semester Exam Review

Front

What functional area has the goal of identifying customer needs and designing product ideas and services to meet those needs?

Back

Marketing

Front

Why did the company Gold Rush Nugget struggle to grow sales?

Back

They were unclear on who their customer was and how to give them what they wanted.

Front

If Cameron prepares information—such as reports on costs and operations—for the use of employees only, what type of accountant is he?

Back

Managerial

Front

What functional area will Topper be working in if he is responsible for recruiting, compensation, training, and all areas of the business related to people as business resources?

Back

Human resources

Front

_____ accountants prepare financial information for people who are both inside and outside the company to assess if the company is performing well.

Back

Financial

Front

What functional area of a business is responsible for the work performance of other people through planning, organizing, directing, and controlling?

Back

Management

Front

What are some examples of common sole proprietors that Samantha could share with her partner?

Back

Freelance graphic designers or pet groomers

Front

Byron is studying the practice of selling outside the United States to buyers in other nations for a research paper he needs to write. What keyword could Byron search for to start his research?

Back

Exports

Front

Howie assumed that pricing his grocery items significantly lower than his competitors’ prices would be a surefire way to be successful; however, this was not the case. Why?

Back

His profit margin was too low

Front

High start-up costs and competing against powerful, well-established, competitive brands with loyal customers are examples of what type of industry forces?

Back

Barriers to entry