BMT 101 Final Exam Study Guide
P 4 What is a free enterprise system?
The system of business in which individuals are free to decide what to produce,
how to produce it, and at what price to sell it.
P 21 What happens as a result of free enterpris
BMT 101 Exam Two (Ch 6-11) Review
P 168 What is a company's most important resource?
A companys most important resource are its human resources (people). Some believe
that the way employees are developed and managed can have a huge impact on the
BMT 101 Exam 3 Review Chapters 12-15
P 337 What are the 4 utilities?
Form Utility- created by converting production inputs unto finished products
Place Utility- created by making a product available at a location customers wish