Read full document

Bued100

Page 1 of 3
* Question 1
5 out of 5 points
| |
| As a factor of production, capital would include:Answer| | | | | Selected Answer:| machines, tools, buildings, and technology.| Correct Answer:| machines, tools, buildings, and technology.|

| | | |
* Question 2
5 out of 5 points
| |
| Given the importance of _____ to workforce effectiveness, some business experts, such as the former management guru Peter Drucker, separate this factor from human resources.Answer| | | | | Selected Answer:| knowledge|

Correct Answer:| knowledge|
| | | |
* Question 3
5 out of 5 points
| |
| During the marketing era consumers found:Answer| | | | | Selected Answer:| more choices for goods and services.| Correct Answer:| more choices for goods and services.|
| | | |
* Question 4
0 out of 5 points
| |
| In the relationship era, firms began to recognize that cultivating current customers is more profitable than constantly _____Answer| | | | | Selected Answer:| creating new goods and services.|

Correct Answer:| seeking new customers.|
| | | |
* Question 5
5 out of 5 points
| |
| As competition has become truly global, free trade has resulted in _____ prices and _____ quality across virtually every product category.Answer| | | | | Selected Answer:| lower, higher|

Correct Answer:| lower, higher|
| | | |
* Question 6
5 out of 5 points
| |
| Business transactions that occur online are examples of _____Answer| | | | | Selected Answer:| e-commerce.|
Correct Answer:| e-commerce.|
| | | |
* Question 7
5 out of 5 points
| |
| In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a:Answer| | | | | Selected Answer:| tax on imports.|

Correct Answer:| tax on imports.|
| | | |
* Question 8
5 out of 5...

Rate this document

What do you think about the quality of this document?

Share this document

Let your classmates know about this document and more at Studymode.com