Introduction to Business Dersi 1. Ünite Sorularla Öğrenelim

Foundations Of Business

1. Soru

What is ''Business''?

Cevap

A business is any organization that provides goods or services to satisfy customers’ needs and wants for a profit.


2. Soru

Who is an ''entrepreneur''?

Cevap

An entrepreneur is an individual who starts a business and risks losses for profits.


3. Soru

Who are the major organizational stakeholders?

Cevap

Major organizational stakeholders are owners (shareholder/stockholders), customers, employees, investors, suppliers and communities .


4. Soru

What makes the competition desirable for businesses?

Cevap

Innovation,Customer Service and Education make the competition desirable for businesses.


5. Soru

What are the  Types of Businesses?

Cevap

Local Business

Regional Business

National Business

International or Multinational Business


6. Soru

What must business owners and managers take into consideration when making business decisions?

Cevap

Business owners and managers must take into consideration current (and future) economic conditions when making business decisions.


7. Soru

What does technology include used in business?

Cevap

Technology includes work methods, techniques and knowledge used in a
business.


8. Soru

What is ''Productivity''?

Cevap

Productivity is a measure of the amount of output generated given the amount of input.


9. Soru

What are the major forces of the environment?

Cevap

There are six major forces of the environment:

the economic environment, the technological environment, the legal and
political environment, the social environment, and the global environment.


10. Soru

What is the dimension of the Market Environment?

Cevap

Market Environment:
Domestic business environment where firms operate.


11. Soru

What do factors of production describe?

Cevap

Factors of production describes various resources used to produce goods and
services.


12. Soru

What are the Factors of Production?

Cevap

Natural and Physical Resources,

Labor,

Financial Capital,

Entrepreneurship,

Informations
Resources


13. Soru

What does Natural and Physical Resources include?

Cevap

• Land
• Offices
• Computers


14. Soru

What is ''Crowdfunding''?

Cevap

Crowdfunding is to raise capital for a new business venture from a large number of individuals who often contribute small amounts of capital.


15. Soru

What is an economic system?

Cevap

An economic system is a country’s organized way for allocation of its resources
among its citizens.


16. Soru

What are the Major Economic Systems?

Cevap

Planned Economic Systems

Free-Market Systems

Mixed Market Systems


17. Soru

Governments are expected to encourage economic development in responsible ways. This includes stimulating and stabilizing the economy generally through two sets of policies.What are they?

Cevap

Fiscal and monetary


18. Soru

What is a small business?

Cevap

A small business is independently owned and operated and not dominant in its field of operation.


19. Soru

Who are ''Intrapreneurs''?

Cevap

Intrapreneurs are employees working in large companies who behave like
entrepreneurs.


20. Soru

Entrepreneurs are very important to the market economies.What are their roles in the market economies?

Cevap

They start new businesses, accept the risks, create jobs, and contribute to innovation


21. Soru

What are the elements of a business plan?

Cevap

Introduction

Executive Summary

Company Description

Product/Service

Marketing Plan

Operating Plan

Management and Organization

Financing


22. Soru

What is a strategic alliance?

Cevap

A strategic alliance is an agreement between two or more companies to pursue
common goals such as project development of new products, while still remaining independent organizations.


23. Soru

What is Ethics?

Cevap

Ethics is a system of moral principles (what is right and wrong) that governs a person’s behavior.


24. Soru

What are  five sources of ethical standards to help us make good ethical decisions as suggested by the Markkula Center for Applied Ethics:70?

Cevap

• The Utilitarian Approach - an ethical
behavior that delivers the most good or does
the least harm for all who are affected by it.
• The Fairness or Justice Approach – an
ethical behavior that treats people equally
or fairly.
• The Common Good Approach – an ethical
behavior that is based on the benefit of all
in a community and welfare of everyone.
• The Virtue Approach – an ethical behavior
that is consistent with desirable values like
honesty, courage, generosity, tolerance,
fairness and integrity.
• The Rights Approach – an ethical behavior
that respects the rights of those affected
such as the right to choose freely one’s own
choice.


25. Soru

What do Business or corporate ethics involve?

Cevap

Business or corporate ethics involve ethical or unethical behaviors by employees  in a business environment.


26. Soru

Firms can concentrate on three CSR strategies.What are they?

Cevap

Operations-driven, compliance-driven, and customer-driven:


27. Soru

What are the potential advantages to firms can be seen in several areas?

Cevap

• Create new business or market opportunities
• Increase a company’s social standing, social capital, brand reputation and brand awareness
• Improve a company’s environmental impact and operational efficiency
• Increase employees’ motivation
• Reduce operating costs
• Protect important resources that a company depends on.


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