BUS205

_____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril.

______is the exchange of words between or among people in a way or manner that produces understanding.

______ need to understand the changing technological environment and how new technologies can serve human needs.

________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified.

________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others.

The __________ is the total amount supplied by owner of the business.

_______ researchers also gather information from a wider group of people.

__________ environment could be looked at from the point of view of the type of leadership in the nation.

__________ income is used to buy items to meet basic needs.

_________ is a process of information transfer, which goes on within you as an individual.

Many years ago, _______, in the management revolution argued that ownership had been divorce from control.

One of the consistent characteristics of an entrepreneur is his desire for ________.

_______ can be measured to a certain degree of available statistics.

28. ________is pooling of risk together for the benefit of those who agree to do so

A prospective successful designer should have a __________ policy in place.

______ environment economy and technology has a serious effect on business.

A business concern cannot operate in isolation; there are forces that shape every business. True or False

________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”.

_________means something looking or resembling something.

The public is becoming an increasingly vocal component of the external environment of business. True or False

The whole nature of society is that the numbers of it are ___________.

______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both.

______ reduces the amount of labour in the production process materials and machinery become relatively more important.

The products of oligopolistic industries may be identical or __________.

Managers are the decision makers in an organization. True or False

_______ is the point reached when the money from product sales equals the costs of making and distributing the product.

_____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment.

__________ consists of a number of firms.

The _______ environment consists of institutions and people that make up a social grouping.