WorksheetsVenture Game #4
Total questions: 11
Worksheet time: 6mins
Name
Class
Date
1.
advertising
a)
the purchase of one company by another
b)
promotional tool consisting of paid, nonpersonal communication used by and identified sponsor to inform an audience about a product
c)
any economic resouce expected to benefit a firm or an individual who owns it (everything you or a company own)
2.
product
a)
goal set for the very near future
b)
promotional tool consisting of paid, nonpersonal communication used by and identified sponsor to inform an audience about a product
c)
good, service, or idea that is marketed to fill consumers' needs and wants
3.
services
a)
products having nonphysical features, such as information, expertise, or an activity that can be purchased
b)
markets in which stocks and bonds are sold
c)
corporation whose stock is widely held and available for sale to the general public
4.
wholesaler
a)
employee who detects and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them
b)
legal principle holding owners responsible for paying off all debts of a business
c)
intermediary who sells products to other businesses for resale to final consumers
5.
unemployment
a)
employee who detects and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them
b)
the level of joblessness among people actively seeking work in an economic system
c)
organization through which member nations negotiate trading agreements and resolve disputes about trade policies and practices
6.
unethical behavior
a)
behavior that does not conform to generally accepted social norms concering beneficial and harmful actions
b)
planned economic system in which the government owns and operates only selected major sources of production
c)
activitites needed to move a product efficiently from manufacturer to consumer
7.
target market
a)
manager responsible for a firm's overall performance and effectiveness
b)
group of people that have similar wants and needs and can be expected to show interest in the same products
c)
portion of ownership of a corporation
8.
short-term goal
a)
goal set for an extended time, typically five years or more into the future
b)
goal set for the very near future
c)
having no goals in your life
9.
SWOT Analysis
a)
form of nonstore retailing in which the telephone is used to sell directly to consumers
b)
manager responsible for a firm's overall performance and effectiveness
c)
identification and analysis of organizational strengths and weaknesses and environmental opportunities and threats as a part of strategy formulation
10.
Organizing
a)
market or industry in which there is only one producer that can therefore set the prices of its products
b)
manager responsible for implementing the strategies and working toward the goals set by top managers
c)
management process of determining how best ot arrange and organization's resources and activities into a coherent structure
11.
Mission Statement
a)
a statement that is based on a lie.
b)
organization's statement of how it will achieve its purpose in the environment in which it conducts its business
c)
number of people supervised by one manager
100 %
