(TCO 3) Which of the following is an example of a lifestyle business?

BUSN 115 Introduction to Business and Technology Week 4 Study Guide Questions+Answers
  1. (TCO 3) Which of the following is an example of a lifestyle business?
  2. (TCO 3) Barbara owns a small florist shop that employs a couple of part-time floral designers. She doesn't expect her business to grow much, but it provides her with a comfortable income and she enjoys what she does. Barbara's business would be described as a _____.
  3. (TCO 3) TechPoint, a technical writing and business documentation firm, finds it difficult to handle its training requirements. The company forms a one-year contract with Impact Inc., a language training firm, to conduct training and refresher courses for their employees. This is an example of _____.
  4. (TCO 3) _____ are expensive organizational products with a long useful life.
  5. (TCO 3) Absco computers introduced a low-cost, cloud-based storage service. The company adopted unit-based pricing for the product and many small businesses found the product to be very effective in reducing their storage costs. The sale of the product has increased swiftly in recent months and is at an all-time high. The product is presently in the _____ stage of product lifecycle
  6. (TCO 3) People who monitor social media to spot shifts in consumer tastes are called _____.
  7. (TCO 4) Organizational purchasing differs from consumer purchasing in that organizational purchasing _____.
  8. (TCO 4) _____ involves selling more of your existing products into the markets you already serve.
  9. (TCO 4) Creating new products for new markets is called _____
  10. (TCO 4) Retailers differ from wholesalers in that retailers _____
  11. (TCO 4) AMS Technologies, a computer hardware reseller, purchases computer components from leading manufacturers and builds fully operational personal computer systems customized for specific consumer requirements, such as nonlinear video editing capabilities. The firm sells its products to various companies and educational institutions. AMS Technologies belongs to which of the following class of intermediaries?
  12. (TCO 4) Producers rely on a class of intermediaries called value-added resellers (VARs) to assist with which of the following functions?
  13. (TCO 4) The government agency that has the authority to impose penalties against advertisers who violate federal standards for truthful advertising is the _____
  14. (TCO 4) KM Group, a home products manufacturer, owns a brand of paper towels called EasyWipes. The firm creates a commercial showing how an EasyWipes paper towel absorbs a spill faster than the competitor's paper towel. In this example, the commercial used by KM Group can be classified as __________ advertising
  15. (TCO 4) A television commercial promoting a new range of naturally flavored ice cream, manufactured by Ice Fountain, an ice cream and candy manufacturing firm, is an example of which of the following elements in the communication mix?