Good to have you back!
If you've signed in to StudyBlue with Facebook in the past, please do that again.
Central Michigan University
Central Michigan University
† The material on this site is created by StudyBlue users. StudyBlue is not affiliated with, sponsored by or endorsed by the academic institution or instructor.
Get started today
BUSN (with Review Cards and Printed Access Card)
products that do not include any services
products that do not include any goods
the specific characteristics of a production
Product Life Cycle
A pattern of sales and profits that typically changes over time.
Channel of Distribution
the network of organizations and processes that links producers to consumers
the actual physical movement of products along the distrivtion pathway
A distribution process that links the producer and the customer with no intermediaries
distribution organizations-informally called middle men-that facilitate the movement of products from the producer to the consumer
distributors that sell products directly to the ultimate users, typically in small quantities, that are stored and merchandised on the premises.
The basic form of ownership in a corporation
A long-term debt instrument issued by a corporation or government entity
The date when a bond will come due
The interest paid on a bond expressed as a percentage of the bond's per value.
An order telling a broker to buy or sell a specific security at the best currently available price
An order to a broker to buy a specific stock only if its price is below a certain level, or to sell a specific stock only if its price is above a certain level
The ability of goods and services to satisfy consumer "wants"
A business philosophy that makes customer satisfaction-now and in the future-the central focus of the entire organization
A formal document that defines marketing objectives andd the specific strategies for achieving those objectives
Dividing the market into smaller groups based on measurable characteristics about people such as age, income, ethnicity, and gender
Dividing the market into smaller groups based on where consumers live. This process can incorporate countries, cities, or population density as key factors.
Dividing the market into smaller groups based on consumers attitudes, interests, walues, and lifestyles.
Dividing the market based on how people behave toward various products. This category includes both the benfits that consumers seek from products and how sinsumers use the products.
Anything that an organixationoffers to satisfy consumers needs and wants, including both goods and services.
Distributors that buy products from producers and sell them to other businesses or nonfinal users such as hospitals, nonprofits, and the government.
Wheel of retailing
A classic distribution theory that suggests that retail firms and retail categoties become more upscale as they go through their life cycles.
All organizations, processes, and activites involved in the flow of goods from their raw materials to the final consumer.
Determining organizational goals and action plans for how to achieve those goals
Determining a structure for both individual jobs and the overall organization
directing and motivating people to achieve organizational goals
checking performance and making adjustments as needed
The definition of an organization's purpose, values, and core goals, which provide the framework for all other plans
A visual representaion of the company's formal strucutre
Span of Control
Span of management, refers to the number of people that a manager supervises
The process of seeking employees who are currently within the firm to fill open positions
the process of seeking new emplyees from outside the firm
The physical tools and equipment used to collect, store,organize, and process data and to distribute information
Programs that provide instructions to a computer so that it can perform a desired task
Software that performs the critical functions necessary to operate the computer at the most basic level
software that helps a user perform a desired task
A file consisting of related data organized according to a logical system and stored on a hard drive or some other computer-accessible media
raw, unprocessed facts and figures
Want to see the other 41 Flashcards in exam?
JOIN TODAY FOR FREE!
Words From the Students
"The semester I found StudyBlue, I went from a 2.8 to a 3.8, and graduated with honors!"
Colorado School of Mines
Get started today
Show & Tell
StudyBlue is not sponsored or endorsed by any college, university, or instructor.
© 2014 StudyBlue Inc. All rights reserved.