(CO 1) __ is the money left over after a business firm's total expenses are
Question # 00736917
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Updated on: 09/10/2019 11:04 AM Due on: 09/30/2019
Question 1
3 / 3 pts
(CO 1) _____ is the money left over after a business firm's total expenses are subtracted from its total revenues.
- Shareholders' equity
- Profit
- Inventory turnover
- Contribution margin
- Asset leverage
Question 2
3 / 3 pts
(CO 1) Which of the following statements about strategy is most true?
- By following the best strategy, an organization can be all things to all people.
- Once an organization is focused and has developed goals, it can then develop its strategies.
- Strategic direction must be explicit in order to be set by organizations.
- The strategy is an organization’s long-term course of action designed to deliver a unique customer experience while achieving its goals.
- All of the above
Question 3
3 / 3 pts
(CO 1) A key role of the marketing department is to
- allocate financial resources across business units.
- set the overall mission of the company.
- provide talent management services.
- look outward.
- assess global political situations.
Question 4
3 / 3 pts(CO 1) Often used interchangeably with vision, a(n) _____ statement frequently has an inspirational theme.point of difference
- Mission
- business map
- internal situation analysis
- CEO’s annual
Question 5
3 / 3 pts
(CO 1) Market share is
- the ratio of the profit of the firm to the total profits of all firms in the industry, not including the firm itself.
- the ratio of the profit of the firm to the total profits of all firms in the industry, including the firm itself.
- the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, not including the firm itself.
- !the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.
- the ratio of the profits of all firms in an industry to the profits of the firm.
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Solution: (CO 1) __ is the money left over after a business firm's total expenses are