BUSI 1301 - The Final Exam Study Guide - Fall 2023
.docx
keyboard_arrow_up
School
Lone Star College System, North Harris *
*We aren’t endorsed by this school
Course
1301
Subject
Business
Date
May 2, 2024
Type
docx
Pages
3
Uploaded by PrivateDeerMaster383 on coursehero.com
Final Exam - Study Guide Fall 2023 - BUSI 1301
Study Guide Directions o
Know the Meaning of each
Term
and Concept Below
. Highly Recommend
Using the Textbook, Class Assignments or Lecture PowerPoints
to help you Study. o
If You have any Questions
, please don’t Hesitate to Contact Me.
Chapter 1 - Exploring the World of Business and Economics
o
What is the Textbook Definition of a business?
o
What are the 3 Components of a Business? o
What is gross domestic product (GDP)
Chapter 5 - Small Business, Entrepreneurship, and Franchises
o
What is Primary Reason why many new businesses fail?
o
What is a Business Plan?
Chapter 6 - Understanding the Management Process
o
What is an organization's most valuable resource? o
What are the 4 - Functions of Management? o
What is a SWOT Analysis?
o
What is Leadership Greatest ability?
Chapter 9 - Attracting and Retaining the Best Employees
What are the three phases of Human resources management (HRM)?
1
Test #4- Study Guide | BUSI 1301 – Spring 2023
Final Exam - Study Guide Fall 2023 - BUSI 1301
Chapter 10
- Motivating and Satisfying Employees and Teams
o
What is motivation?
Chapter 11
- Building Customer Relationships Through Effective Marketing
o
What is marketing?
Chapter 13 - Distributing and Promoting Products
o
What is a distribution channel?
o
What is supply-chain management?
o
What are wholesalers?
o
What is a Middleman (or marketing intermediary)?
o
What is a retailer? Who is the largest retailer by sales in the U.S.? o
What is inventory management? o
What is warehousing? o
What is direct marketing?
o
What is integrated marketing communication (IMC)? o
What are the Four elements of the promotion mix? o
What is Personal Selling?
o
What is Advertising? o
What is the first step in developing an advertising campaign? o
What are examples of an advertising
media? o
What is sales promotion? And know the examples of each sales promotion Technique?
o
What is public relation? 2
Test #4- Study Guide | BUSI 1301 – Spring 2023
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
The Body Shop
The Body Shop may have grown rapidly in its early days, but its founder, the late Anita Roddick publicly dismissed marketing’s role. Roddick ridiculed marketers for putting the interests of shareholders before the needs of society. She had a similarly low opinion of the financial community, which she referred to as ‘Merchant Wankers’. While things were going well, nobody seemed to mind. Maybe Roddick had found a new way of doing business, and if she had the results to prove it, who needed marketers? But how could even such an icon as Anita Roddick manage indefinitely without consulting the fundamental principles of marketing? By embracing ethical issues, she thought she was way ahead of her rivals in understanding the public mood, long before the major retailers piled into Fairtrade and ‘green’ products? The troubles that the Body Shop suffer in this century indicate that a company may publicly dismiss the value of marketing while the going is good. Still, sooner or…
arrow_forward
Questions:
1. Was my manager wrong for seeking to pocket the donation money as profit? Does it make any difference that the golf course was experiencing perilous economic times? (After all, if the course goes out of business, tournaments cannot be held at all).
2. Was I right in challenging my manager? Should I have handled this differently?
3. Do you think the companies would have felt cheated if the golf course had pocketed their donations?
arrow_forward
QuestionAfter the analysis of your company Amazon , please write the following sections in report form:
1.Corporate and competitive strategies
arrow_forward
Need details led explanat ion ....
Discuss Malayan Banking Berhad (Maybank) and Tenaga Nasional Berhad (TNB) the business nature and performance of the companies in the past 3 years. Information can be sourced from companies’ annual reports, financial statements, news, companies’ press releases, analyst’s report, etc.
arrow_forward
Groups
Explain your answer in no more than five (5) but no less than three (3) sentences.
1. Enumerate three (3) effects of the company's selling prices on the business. Briefly discuss each.
2. How important is their selling price regarding the company's long-term sustainability?
3. In your opinion, how can they further improve their business?
arrow_forward
MANA 3325 ENTREPRENEURSHIP - Successful Launching New Ventures 5th edition
Chapter 3: Feasibility Analysis and Chapter 4: Developing a Business Model
Question 1: Describe the purpose of feasibility analysis. When should a feasibility analysis be conducted relative to opportunity recognition and the development of a business plan?
arrow_forward
1.
Descriptive analysis: What are the profitability benefits for Apple to engage in the following Short Term Business Decisions:
a. Make or Buy
b. Keep or Replace
c. Accept or Reject Special Sales order
arrow_forward
( ESSAY ) 3-PARAGRAPH
What are your qualities of becoming an entrepreneur? Discuss your answers.
arrow_forward
Help me answering in your words:
Question 1:
a. Identify at least 5 ways how the COVID-19 pandemic will change the way we work.
b. What will be the impact of the COVID-19 pandemic on Marketing? Minimum 4 examples –well explained.
c. Identify at least 5 skills, that you as an internship student (majoring in MKT) should possess.
- Afterwards, analyze which of those skills you have and which you still need to develop.
- In addition, briefly describe, how will you develop those skills.
d. Visit the website, that describes “17 Digital Marketing Trends You Need to Know for 2020”https://marketinginsidergroup.com/marketing-strategy/2020-marketing-trends-you-need-toknow/- Choose 5 trends and briefly describe them
arrow_forward
Q3b
Domod Plc is on the verge of collapse, and the main problem identified relates tothe lack of qualified staff. Explain the process for attracting and hiring staff startingfrom manpower planning to employee appraisal.
ii. Henry Gantt is said to have developed the Gannt Chart, discuss the relevance of theGannt chart in decision making. Relate your explanation to your courses for thesemester and present a diagram to show how you would apply the Gannt chart andexplain how it functions using the diagram.
arrow_forward
why the new business models associated with the dot-com era were, in fact, existing models in an online context. Business models and revenue models have not changed?
arrow_forward
why the new business models associated with the dot-com era were, in fact, existing models in an online context. I do not agree Business models and revenue models have not changed
arrow_forward
Subject: Strategic management:
Answer the following question. Use appropriate examples to explain your arguments. Do not simply copy and paste texts from your textbook. The answer should be concise and to the point supported by industry examples of your choice.
Q.1) Using a case study of an organization of your choice, explain the concepts of corporate social responsibility and environmental sustainability and how this company maintained a balance between these duties and economic responsibilities to shareholders.
arrow_forward
Add more to this paragraph
Amazon Business's economic impact on businesses is notable. Through Amazon Business, small and medium-sized businesses have access to a vast customer base, which can help them expand their market reach. Economically, Amazon has played a significant role in shaping the e-commerce industry and has contributed to economic growth.Additionally, Amazon offers competitive prices and excellent customer service, which can help businesses save costs and improve their efficiency. However, Amazon's dominance in the e-commerce sector has led to the displacement of traditional retailers, affecting their economic viability. This has led to concerns about the concentration of market power and the potential negative impact on small businesses, which could negatively affect the economic pillar of sustainability. Additionally there are also concerns about Amazon's market monopolisation and the impact this may have on smaller businesses. Therefore, responsible management…
arrow_forward
1) After you estimate an industry earnings multiplier , how do you determine if the industry's multiplier is relatively high or low ?
2) What are the five basic competitive forces that determine the intensity of competition in an industry and thus , its rate of return on capital?
arrow_forward
Analysis of the corporate-level strategy of the firm: PVH INC
● Identify the businesses the company is in (or is considering entering), how they are related
(or unrelated), and whether and how they create additional value in their combination. Be
specific and detailed. If it is unclear that value is created, try to assess why the firm might
have chosen to enter those businesses. Be sure to include any appropriate financial analysis
to support your assessment.
arrow_forward
1.Describe how a company’s mission statement and objectives affect the way management plans its business portfolio.
2.What does the economic environment consist of as far as marketers are concerned, and why is it so important for them?
3.Who are the Gen Zers, and why will they become interesting to marketers in the future?
arrow_forward
Read the text and answer The question:
"
The course at Monmouth is one of thousands of similar offerings on campuses across the United States. Undergraduate courses in how to start and run a small business are becoming as ubiquitous as Economics 101. Gone is the conventional wisdom that running a small business cannot be learned by sitting in a classroom.
According to the Kauffman Foundation in Kansas City, Mo., more than 2,000 colleges and universities now offer at least a class and often an entire course of study in entrepreneurship."
Choose The right number to the correct option:
In American Universities, entrepreneurship courses are:
1) less important than Economics 101
2) Taught according to a theoretical perspective
3) As popular as a basic Economics course
4) only thought in New Jersey and Manhattan
5) Less popular than Finance and Operations
arrow_forward
Define entreprenrship? Discuss the risk and uncertainty involved in a business?
Q2
Explain the process of environmental analysis before establing a business?
Q3
Elaborate the perfect competition Model in detail?
Q4
Define business plan.Briefly discuss the essential components of business plan.
Q5
Identify and elaborate elements of new venture finance briefly.
Q6
How an organization is created.Elaborate in detail
arrow_forward
Gross Domestic Product (GDP): a) GDP measures: i) Total income earned by citizens of a country. ii) Total value of goods and services produced within a country's borders. iii) Total government spending in an economy. iv) Total exports minus imports.Correct Answer: ii) Total value of goods and services
don't use chat gpt answer .urgent
arrow_forward
FAST PLZ
29-Which of these business decisions will most likely be done by the directors of corporations to save the company during this time of pandemic?
Apply cost-saving measures to minimize the expenses of the company
Apply aggressive marketing strategies to encourage more customers to purchase
None of the choices are correct
Remove some partners in the business to lower the income that needs to be provided to them.
arrow_forward
Step 1: Read the situation that is shown in the attached pictures.
Step 2: Answer the following questions:
1. What should Libro Co. need to consider enhance its asset management?
2. What could be the role of accounting in enhancing the practices of Libro Co.?
3. What are the other challenges that every merchandising business is facing?
arrow_forward
3 multiple choice questions please select a b or c thanks :)
Which of the following is a core principle espoused in the Deloitte report calling for a new business paradigm to address climate change?
Competitive market forces will be sufficient in ultimately assuring that global sustainability goals are achieved.
The scope actions needed to ensure a sustainable environment will require that companies within an industry collaborate with one another.
Real change in busniess practices will only come via government regulation.
Which of the following statements best reflects a firm at the most evolved stage of corporate sustainability?
"Our goal is to reduce our company's environmental footprints."
"Sustainability principles are considered in all our corporate decisions."
"Our commitment to sustainability will be driven by financial considerations."
The concept of "use services" in the context of sustainability refers to
allowing consumers to derive the benefits of use without the…
arrow_forward
4. Explain with the real example why IT is very important in business today.
arrow_forward
QuestionAfter the analysis of your company Apple Inc , please write the following sections in report form:
1.Corporate and competitive strategies
arrow_forward
1. How has the internet influenced the five forces with an industry?2. What are the two ways that can achieve cost and price advantages according to the paper? Which is better?3. Does the internet overturn the traditional way for doing business? What are some reasons given?
arrow_forward
One of the most successful business models is the franchise, but it didn't originate with McDonald's. Sir Harold Evans describes the remarkable story of a beauty salon that allowed hundreds of women to own their own businesses.
here's the link
https://www.youtube.com/watch?v=Ie8qJuXYN7w&t=5s
1. The expansion of Martha Harper’s franchising idea today drives half of all retail sales in America. This means one woman has had a really remarkable effect on America’s economy. So why is she relatively unknown?
How did Harper provide a distinctive experience for her customers, franchise owners, and employees? What are her other legacies, in addition to her franchising idea?
Martha Harper was sent away at age seven by her father to work as a domestic servant, her profession for 25 years until she saved enough money to start her own business. Can you think of another entrepreneur or public figure with a similar rags-to-riches story? Describe with at least 1 reference in APA style.…
arrow_forward
E1
What are the five foundations of economics? What are some other terms that we have discussed that are important for the study of the economics of climate change? Pick at least three (more if you would like) of those terms and describe why they are essential for the study of the economics of climate change.
arrow_forward
Read the above passage. How does this relate to business, and what are some solutions to this problem? What is the purpose of this passage and how does it affect the business management right now?
Americans’ collective credit card balances totaled $986 billion at the end of last year, up $61 billion from the previous quarter, according to the Federal Reserve Bank of New York’s quarterly household debt report. Overall, U.S. household debt—including mortgage, auto, student loan, and credit card debt—grew to $16.90 trillion at the end of 2022.
That $61 billion increase in credit card debt, however, was the largest quarterly jump recorded in the history of the N.Y. Fed’s data, which dates back to 1999. Additionally, the total accumulated credit card debt surpassed the pre-pandemic record of $927 billion.
“Credit card balances grew robustly in the fourth quarter, while mortgage and auto loan balances grew at a more moderate pace, reflecting activity consistent with pre-pandemic levels,”…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Related Questions
- The Body Shop The Body Shop may have grown rapidly in its early days, but its founder, the late Anita Roddick publicly dismissed marketing’s role. Roddick ridiculed marketers for putting the interests of shareholders before the needs of society. She had a similarly low opinion of the financial community, which she referred to as ‘Merchant Wankers’. While things were going well, nobody seemed to mind. Maybe Roddick had found a new way of doing business, and if she had the results to prove it, who needed marketers? But how could even such an icon as Anita Roddick manage indefinitely without consulting the fundamental principles of marketing? By embracing ethical issues, she thought she was way ahead of her rivals in understanding the public mood, long before the major retailers piled into Fairtrade and ‘green’ products? The troubles that the Body Shop suffer in this century indicate that a company may publicly dismiss the value of marketing while the going is good. Still, sooner or…arrow_forwardQuestions: 1. Was my manager wrong for seeking to pocket the donation money as profit? Does it make any difference that the golf course was experiencing perilous economic times? (After all, if the course goes out of business, tournaments cannot be held at all). 2. Was I right in challenging my manager? Should I have handled this differently? 3. Do you think the companies would have felt cheated if the golf course had pocketed their donations?arrow_forwardQuestionAfter the analysis of your company Amazon , please write the following sections in report form: 1.Corporate and competitive strategiesarrow_forward
- Need details led explanat ion .... Discuss Malayan Banking Berhad (Maybank) and Tenaga Nasional Berhad (TNB) the business nature and performance of the companies in the past 3 years. Information can be sourced from companies’ annual reports, financial statements, news, companies’ press releases, analyst’s report, etc.arrow_forwardGroups Explain your answer in no more than five (5) but no less than three (3) sentences. 1. Enumerate three (3) effects of the company's selling prices on the business. Briefly discuss each. 2. How important is their selling price regarding the company's long-term sustainability? 3. In your opinion, how can they further improve their business?arrow_forwardMANA 3325 ENTREPRENEURSHIP - Successful Launching New Ventures 5th edition Chapter 3: Feasibility Analysis and Chapter 4: Developing a Business Model Question 1: Describe the purpose of feasibility analysis. When should a feasibility analysis be conducted relative to opportunity recognition and the development of a business plan?arrow_forward
- 1. Descriptive analysis: What are the profitability benefits for Apple to engage in the following Short Term Business Decisions: a. Make or Buy b. Keep or Replace c. Accept or Reject Special Sales orderarrow_forward( ESSAY ) 3-PARAGRAPH What are your qualities of becoming an entrepreneur? Discuss your answers.arrow_forwardHelp me answering in your words: Question 1: a. Identify at least 5 ways how the COVID-19 pandemic will change the way we work. b. What will be the impact of the COVID-19 pandemic on Marketing? Minimum 4 examples –well explained. c. Identify at least 5 skills, that you as an internship student (majoring in MKT) should possess. - Afterwards, analyze which of those skills you have and which you still need to develop. - In addition, briefly describe, how will you develop those skills. d. Visit the website, that describes “17 Digital Marketing Trends You Need to Know for 2020”https://marketinginsidergroup.com/marketing-strategy/2020-marketing-trends-you-need-toknow/- Choose 5 trends and briefly describe themarrow_forward
- Q3b Domod Plc is on the verge of collapse, and the main problem identified relates tothe lack of qualified staff. Explain the process for attracting and hiring staff startingfrom manpower planning to employee appraisal. ii. Henry Gantt is said to have developed the Gannt Chart, discuss the relevance of theGannt chart in decision making. Relate your explanation to your courses for thesemester and present a diagram to show how you would apply the Gannt chart andexplain how it functions using the diagram.arrow_forwardwhy the new business models associated with the dot-com era were, in fact, existing models in an online context. Business models and revenue models have not changed?arrow_forwardwhy the new business models associated with the dot-com era were, in fact, existing models in an online context. I do not agree Business models and revenue models have not changedarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning