QuestionBUS 100 ExamChris orders a salad at a restaurant. What is the BEST defin

BUS 100 Exam

Chris orders a salad at a restaurant. What is the BEST definition of what he is buying?

1 pts

• Chris is buying neither a good nor a service.
• Chris is buying a service.
• Chris is buying a good.
• Chris is buying a service, but not a good.
• Chris is buying both a good and a service.

Nina’s furniture store has had a successful year and made a significant profit. Which of the following actions using Nina’s store profits would BEST increase productivity?

1 pts

• Create an emergency fund.
• Hire more staff.
• Service her community through social and educational means.
• Pay for utilities and inventory in advance.
• Develop a website that would enable customers to place orders online.

The various resources used to create a company’s goods and services are collectively referred to as ________.

1 pts

• supplies
• factors of production
• intellectual property
• raw materials
• inventory

Which of the following is an example of real capital?

1 pts

• natural gas
• personal savings
• computer software
• a business loan
• a manufacturing plant

The economy of the United States is ________.

1 pts

• noncompetitive
• market-based
• government-owned
• socialistic
• not-for-profit

Leroy owns a small hardware store that is known for its high level of customer service. A large chain home improvement store has just opened up in his community. Which of the following would BEST help Leroy deal with his new competitor?

1 pts

• Move his store in order to be farther away from the large store.
• Raise their prices, to show that their customer service is worth paying a premium for.
• Pay his employees “under the table” to avoid costly payroll taxes and keep prices lower.
• Advertise aggressively to increase consumer awareness of his reputation for service.
• Close the business, since small stores cannot compete effectively with chain stores.

atricia owns a small electronics store in a rural area. She carries two different brands of weather radios that are equally priced. One model is selling well, but the other does not seem to be attracting customers. What should Patricia do?

1 pts

• Try to discourage customers from buying the model that is selling well.
• Donate the poorly selling radios to local schools.
• Reduce the price of the model that is not selling well.
• Stop advertising the radio that is not selling well.
• See if a rival electronics store will purchase the poorly selling radios.

BUS 100 Exam

01 : 04 : 03

Show/Hide

· Addison wants her new t-shirt store to be environmentally friendly. With the concept of the green economy in mind, which of the following business initiatives would BEST make her business greener?

1 pts

• giving a discount to customers who claim to be environmentally conscious
• mail out paper fliers advertising her business
• raise prices to include the cost of a donation to a green nonprofit organization
• install solar panels on her store’s roof to provide electricity
• sell t-shirts with environmental slogans

________ refers to a company’s choice to relocate its production facilities overseas or subcontract at least some of the components to foreign companies at low costs.

1 pts

• Downsizing
• Globalization
• Contracting
• Offshoring
• Diversifying

Which of the following BEST enables all companies, regardless of size, to compete in the global market?

1 pts

• effective marketing
• a talented workforce
• technological advances
• “green” policies
• government subsidies

Bill is an information technology manager for a large firm. His company needs to install a new software program, which he orders from his company’s online supplier. This is an example of ________ e-commerce.

1 pts

• business-to-business
• business-to-customer
• business-to-supplier
• consumer to consumer
• business-to-consumer

The WAWA chain of convenience stores has over 500 locations in five states in the mid-Atlantic region of the United States. WAWA is an example of ________.

1 pts

• a national business
• a specialty business
• a regional business
• a state business
• a local business

A(n) ________ is the process by which products, information, and money move between supplier and consumer.

1 pts

• supply chain
• product flow
• delivery system
• funneling mechanism
• operational flow

Celeste is interested in studying the effects that natural disasters have on the value of goods and services in the affected areas. Her area of study should be ________.

1 pts

• sustainability
• macroeconomics
• marketing
• sociology
• microeconomics

ohn is an employee at a car manufacturer. Today he has come into work to find that production has stopped because the government has determined that the steel used in the cars will be better used in the manufacture of a new railway line. John doesn’t mind, because although his wages are low, he gets paid whether there is any work for him to do or not. John MOST likely lives in a ________.

1 pts

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.