Admn 400 unh Study guides, Class notes & Summaries

What is a Business? - Answer- an organization that provides goods and services to earn a profit What is a nonprofit? - Answer- any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer- - environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer- - employment -production of goods/services we want/need - innovation of new goods/services - community leadersh...

ADMN 400 Final UNH Exam Questions With 100% Correct Answers Marketing Matrix - answerproduct, placing, pricing, and promotion Value - answerBenefit/Cost Utility - answerability of a product to meet someones wants or needs Types of Utility - answerform, place, time, possession Consumer Goods - answertangible products purchased by customers for personal use industrial goods - answerProducts used in the production of other products. Sometimes called business goods or B2B goods. Services - ...

What is a Business? - Answer-an organization that provides goods and services to earn a profit What is a nonprofit? - Answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer-- employment -production of goods/services we want/need - innovation of new goods/services - community leadership/suppor...

ADMN 400 Final UNH Exam Questions With 100% Correct Answers Marketing Matrix - answerproduct, placing, pricing, and promotion Value - answerBenefit/Cost Utility - answerability of a product to meet someones wants or needs Types of Utility - answerform, place, time, possession Consumer Goods - answertangible products purchased by customers for personal use industrial goods - answerProducts used in the production of other products. Sometimes called business goods or B2B goods. Services - ...

Business - Answer-an organization that provides goods or services to earn a profit not-for-profit organizations - Answer-organizations with charitable, educational, community, and other public service goals. Any profits are generally put back into the organization, instead of going to owners/shareholders Role of Business in Society - Answer-Employment (job creation) Production of the goods and services that we want and need Innovation of new goods/services that we don't know we want/need ...

impact of business on economy/society - Answer--small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established distinctive competencies - Answer-1. New niche in an established market -Identifying a segment of the market that is not currently being exploited by other companies 2. New market -Identifying new markets by either transferring a product/service from one established geographic market to another, or by creating...

UNH ADMN 400 exam 1 questions and correct detailed answers |already graded a+

What is a Business? - correct answer-an organization that provides goods and services to earn a profit What is a nonprofit? - correct answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - correct answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - correct answer-- employment -production of goods/services we want/need - innovation of new goods/servic...

impact of business on economy/society -Employment -Production of goods and services -Innovation of new goods and services -Community leadership/support for charities -Contribute to gov initiatives through taxes -ECONOMY: Higher output=higher standard of living What is a distinctive competency? skills that increase the competitiveness of an organization and make it different from competitors....EX: Dating apps 2 types of distinctive competency? (1) New niche in an established market. (...