BUSN ACCT-3

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_____ is a strategy of investing in a wide variety of securities in order to reduce risk.
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Financial diversification
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In order to access stock information for a particular corporation on a financial website, you normally type in the corporation’s _____.
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stock symbol
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A product has three product layers. They are the:
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core benefit, actual product, and augmented product.
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The marketing of raw materials primarily emphasizes:
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price and service.
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A product _____ is a group of products that are closely related to each other, in terms of either how they work or the customers they serve.
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line
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Value is the relationship between the _____ of a good or service and the benefits that it offers its customers.
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PRICE
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Which of the following statements is a characteristic of entrepreneurs?
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They create benefits for others while seeking profit for themselves.
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Which of the following was a negative effect of the entrepreneurship era?
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Powerful businesses exploited their ability to manipulate prices and exploit workers.
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During the_____, businesses began to develop brands to help customers understand the difference among various products.
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marketing era.
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Islane college has contracted a construction company to build a new bookstore. The heavy machinery and equipment that the contractor will use in the construction process are classified as:
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capital
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Timber, water, coal deposits, and solar energy are classified as:
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natural resources.
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The stock market, housing foreclosures, and unemployment rates are all part of an organization’s _____ environment.
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economic
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A tariff is a:
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tax on imports
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India and the Philippines consistently attract sizable amounts of foreign investment for services performed in the domestic market and sold internationally. The main reason for this foreign interest is that:
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they have large numbers of highly educated workers who are paid much less than American workers.
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The balance of trade is:
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a measure of the difference between a nation’s exports and imports.
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In the late 1970s, LarceCo, a tea seller, entered the Russian marketplace. LarceCo traded tea products for Russian-made vodka because of the lack of a tradable currency in the Soviet Union. This is an example of _____.
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countertrade
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Which of the following is a difference between outsourcing and importing?
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Importing is when a firm buys foreign products that have already been produced, and outsourcing is when a firm contracts with foreign vendors to produce products.
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As the chief of strategy for Paradyme Software, Bill Fence has decided that the risks of software piracy in Indonesia are too high to justify a continued presence in that country. He feels that the nation’s laws are not sufficiently strict. Bill Fence is unhappy with the _____ in Indonesia.
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political climate
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The purpose of the General Agreement on Tariffs and Trade (GATT) was to:
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encourage worldwide trade.
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Trading blocs are groups of countries:
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that have reduced or eliminated tariffs allowing for the free flow of goods among the member nations.

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