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Intro to business fi
Question | Answer | |
---|---|---|
Maslows Theory | people are motivated when unmet needs are met | |
International business | 1. import and export 2.sell rights (franchise) 3. stratigic alliance 4. direct investment | |
Management Pyramid | Top Middle and Frontline | |
three forms of ownership | sole proprietorship, partnership, corperation | |
BFOQ | Bona Fide Occupational Qualifications | |
Steps in Recruiting Process | applications, interviews, testing, refrences & background checks, job ofers | |
product life cyle | introduction, growth, maturity, decline | |
personal selling process | 1. prospect and qualify 2. prepare 3. present 4. handle objections 5. close sale 6. follow up | |
distribution channel | the path a product takes to get from the manufacturer to the consumer | |
disintermediation | people who sell without a wholesaler | |
Supply and Demand | demand goes up, supply must also | |
GDP | way to tell how economy is doing financially. shrinking two consecutive quarters means recession | |
file for American entrepreneur | must be able to take risks and ask others for help | |
Debt and Equity financing | Debt- loans Equity- personal financing and investors | |
Supply Chain (How has technology helped?) | ex: ore- metal - fendor- onto car. technology has helped by speeding up the process | |
Old vs. New Media (new promotional techniques are displaceing old ones, examples) | long standing techniques (billboards, magazines with ads in places like video games and on facebook | |
swot | helps managers measure internal strengths and weaknesses |