intro to business quiz 2

intro to business quiz 2 - Accounting is a system for...

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Accounting is a system for recognizing, recording, summarizing, analyzing and reporting information about financial transaction that affects the organization. Finance is the area that is concerned with obtaining the types of assets an organization needs to achieve its goals and how does the organization get the funds to acquire those assets. Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers. Stakeholders are any groups that have a stake or personal interest in the performance or actions of an organization. Ethics are a set of beliefs about good and bad and right and wrong. Social Responsibility is the obligation of a business to contribute to society. Marketing involves an exchange value. - TRUE Utility is the ability of goods and services to satisfy needs and wants. The core benefit layer of the product is the benefits of the product. The reasons the customer buys the product. The
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intro to business quiz 2 - Accounting is a system for...

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