To provide goods and services, regardless of whether they operate in the for-profit or not-for profit sector, organizations require inputs in the form of resources called factors of production which are Natural resources, Labor Capital, Entrepreneurship and Knowledge

The amount of government activity, the types of laws it passes, and the general political stability of a government are three components of political climate that can influence business decisions

Businesses today must deal with the unique shopping preferences of different generations, which each require marketing approaches and goods and services targeted to their needs.

Statement above refers to the __________factor that can influence business decision.

Baby Boomer is a generation that born between 1946-1964.

Generation Y is a generation that born between 1964-1977

below are the barriers to international trade EXCEPT

Apple depends on firms in China and Taiwan to produce the iPhone due to lower wages, which drives down the cost of production is one examples of foreign outsourcing

__________ is a specialized type of foreign licensing in which a firm expands by offering businesses in other countries the right to produce and market its products according to specific operating requirements

________ is a authority granted by a domestic firm to a foreign firm for the rights to produce and market its product or to use its trademark/patent rights in a defined geographic area.

___________ involves creating long-range (one to five years), broad goals for the organizational and determining what resources will be needed to accomplish those goals.

_________ creates specific standards, methods, policies, and procedures that are used in specific functional areas of the organization and designed to help guide and control the implementation of tactical plans

Exhibit above refer to ________ departmentalization

MacDonald, Kentucky Fried Chicken and Pizza Hut are examples of franchising business.

Integration of Facebook and WhatsApp is one of examples of ____________merger. One of the reasons Facebook merging with WhatsApp is to develop and implement the end-to-end encryption technology to preserve user privacy.

what is one of the disadvantages in doing franchising

Below are major benefits of Sole Proprietorship EXCEPT

1. A large number of small firms are in the market

2. The firms sell similar products

3. Buyers and sellers have good information about prices, sources of supply, etc.

4. It is easy to open a new business or close an existing one above statements refer to characteristic of

statements above refer to characteristic of

________ happens when an employee informs officials or the public about an illegal or ethical violation that happen inside the organization

Rita is the regional manager for a clothing retailer. She attends a ribbon cutting ceremony every time a new store opens for business. Rita described as a ___________ roles.