Business Questionaire
Business Now: Change Is the Only Constant
Review Questions
1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why?
2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit?
3. When did American business begin to concentrate on customer needs? Why?
4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How do they interact with businesses?
5. What are the factors of production? How can economies grow when one or more of the factors is weak?
6. What are the 5 dimensions of the business environment? List the key elements in each area as they relate to U.S.-based businesses by filling in this chart.
Dimension of Business Environment Key Elements
7. What are some key strategies for developing a competitive edge in today’s competitive global market? How important is customer satisfaction?
8. How has the rise of the World Wide Web changed business practices? What are the benefits and drawbacks for business? For consumers?
9. How has the definition of diversity changed over time? Can a diverse workforce help a company compete more effectively? How?
10. How has the global free trade movement impacted business? Who benefits? Why?
Application Questions
1. Take a moment to jot down 5 things that you love to do. Think broadly (but keep it clean). Your list could include anything from posting pictures on MySpace to listening to your favorite music. Then brainstorm a list of business careers that could encompass two or more of your passions. A position in nightclub marketing, for instance, could include surfing on MySpace and listening to great music. What skills would you need to succeed in each position? Which skills do you have and which would you need to develop?
2. Most successful businesses
Review Questions
1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why?
2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit?
3. When did American business begin to concentrate on customer needs? Why?
4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How do they interact with businesses?
5. What are the factors of production? How can economies grow when one or more of the factors is weak?
6. What are the 5 dimensions of the business environment? List the key elements in each area as they relate to U.S.-based businesses by filling in this chart.
Dimension of Business Environment Key Elements
7. What are some key strategies for developing a competitive edge in today’s competitive global market? How important is customer satisfaction?
8. How has the rise of the World Wide Web changed business practices? What are the benefits and drawbacks for business? For consumers?
9. How has the definition of diversity changed over time? Can a diverse workforce help a company compete more effectively? How?
10. How has the global free trade movement impacted business? Who benefits? Why?
Application Questions
1. Take a moment to jot down 5 things that you love to do. Think broadly (but keep it clean). Your list could include anything from posting pictures on MySpace to listening to your favorite music. Then brainstorm a list of business careers that could encompass two or more of your passions. A position in nightclub marketing, for instance, could include surfing on MySpace and listening to great music. What skills would you need to succeed in each position? Which skills do you have and which would you need to develop?
2. Most successful businesses