A businessâ€™s core goal is to generate long term profits while delivering
_____ to its customers.
As a factor of production, capital would include
machines, money, tools, and buildings.
money, land, labor, and entrepreneurship.
tools, buildings, and technology.
an entrepreneurâ€™s freedoms.
Nonprofit organizations are not in the business of
producing a product.
improving the quality of life in our society.
In order to compete effectively, many companies have taken proactive
steps to hire and nurture people from a broad range of backgrounds. This is an
example of which business environment?
Business transactions that occur online are examples of
Doing business today without harming the ability of future generations
to meet their needs is referred to as
The five key dimensions of the broader business environment include
competitive, technological, social, and global.
technological, economic, demographic, global, and
global, social, technological, market forces, and
customers, vendors, suppliers, wholesalers, and
_____ refers to the quality and quantity of products and goods available
to a population at a given time.
Quality of life
are primarily motivated by the desire to help
create value for themselves at the expense of
have little or no impact on others in society.
benefits for others while seeking profit for themselves.
Business will incur a _____ when expenses are higher than revenue.