Busn 115 Week 8 Final Exam

BUSN 115 Week 8 Final Exam

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1. (TCO 7) Some of the characteristics of lean systems include which of the following?

2. (TCO 7) Mass customization means

3. (TCO 8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need?

4. (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information

5. (TCO 1) You own a hardware store in the small town where you live. A big-box, multiline competitor has just opened. You see the following as your advantages of maintaining your market share and continued sales revenue. (Select all that apply.)

6. TCO 1) You are fairly good at various and sundry home repairs. You aren’t very good at electrical things or anything having to do with plumbing. But you’re great with painting, patching, and general maintenance on a home. You’re contemplating starting a home repair business in your town. What are some issues that you can influence and should be concerned with in launching a new small-business start-up? (Select all that apply.)

7. (TCO 1) A technique that combines all the promotional tools into one comprehensive, unified promotional strategy includes which? (Select all that apply.)

8. (TCO 2) A conscious plan that represents and encourages a unique set of values includes which? (Select all that apply.)

9. (TCO 2) The Uniform Commercial Code includes which? (Select all that apply.)

10. (TCO 2) Some regulation of business seems necessary to ensure fair and honest dealings with the public. The impact of this statement can best be explained by which of the following? (Select all that apply.)

11. (TCO 3) Strategies for reaching global markets include which? (Select all that apply.)

12. (TCO 3) Nations rely on a number of key indicators to measure global trade. These include...