DeVry BUSN 115 Final Exam - Latest
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DeVry BUSN 115 Final Exam - Latest

1. (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. (Points : 5) Assets Economies of scale Barriers to entry Technological requirements Fixed costs

Question 2. 2. (TCO 1) Free-market capitalism is characterized by _____. (Points : 5) the right of few sellers dominating the market the right to bear and keep arms …show more content…

*Question 11. 11. (TCO 4) Consumers have needs for living and wants, which are desires and to know them helps businesses to meet market demands. From the following list, identify which combination is just needs, or just wants. (Points : 5) Food and Big Mac Motorcycle and car Shelter and condo Water and Coca-Cola
Question 12. 12. (TCO 4) A system that captures, organizes and capitalizes on all the interactions that a company has with its customers is referred to as: (Points : 5) Customer Schmoozing Customer Respect Pandering Customer Rated Loyalty Customer Relations Management
Question 13. 13. (TCO 4) When someone regrets making a purchase immediately after making it this is known as? (Points : 5) wants and needs cognitive dissonance exchange process behavior
*Question 14. 14. (TCO 5) What is a primary responsibility of individual employees in contrast to management in creating workplace motivation? (Points : 5) Employees have the ethical obligation to find the motivation to do their job. Employees are required to accept positive reinforcement that is provided by management. Employees are responsible to help other employees meet their management objectives. It is the responsibility of employees to understand Maslow’s Hierarchy.
Question 15. 15. (TCO