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17 Cards in this Set
- Front
- Back
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Which themes promise to shape the near future of business?
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effects of terror, china, ebusiness
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the biggest drawback of a sole proprietorship is a concept known as?
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unlimited liability
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a __ is a long term partnership between companies to jointly develop, produce, or sell products, while a __ is a separate legal entity established by the strategic partners.
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strategic alliance; joint venture
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In a __, the raider launches a PR battle for shareholder votes, hoping to get enough votes to oust the board and management.
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proxy fight
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if demand increases while supply decreases, then prices
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always increase
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one of the most important characteristics of the price system is that?
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consumers are the ones who ultimately decide what is produced.
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suppose the price of cheese rises. In the market for pizza, one would expect?
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supply of pizza would decrease and price would rise.
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which are factors that have NOT contributed to the increase in the number of small businesses today?
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decreased number of women starting businesses
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do entrepreneurs have tunnel vision?
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no
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walmart keeps prices low by continually squeezing inefficiencies out of its operations and those of its suppliers. they are using a __ strategy.
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cost leadership
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mark wishes to start a small business. he would prefer to use a larger company's name and sell its products. He needs a ?
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franchise
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what is an advantage of selling stock to the public?
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ownership control is enlarged.
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__ are taxes, surcharges, or duties levied against imported goods.
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tariffs
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and organizational chart depicts the official design for accomplishing tasks that lead to achieving the organization's goals, a framework known as the __?
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organizational structure
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a partner in a law firm has many associates reporting directly to him. This is an example of a __ organization.
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flat
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ChevronTexaco uses the __ structure?
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process
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what it seeks to accomplish, and the principals the company will adhere to as it tries to reach its goals
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mission statement
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