1/22 Chapter 4

Question 1

break even analysis

Answer 1

FC/(Unit SP - Unit VC)

1000000/(20)

Question 2

example

Answer 2

fixed costs:
salary 40K+75K+15K=130K
Variable Costs
1+1+.5+.5=3
Sp = FC+VC
15X=130K+3X
12X=130K
X=10833.33

Question 3

example

Answer 3

FC
Salary 75K
Rent 40K
utilities 8k
VC
per cup 1 
beans 2
SP
8
8=123000+3X
5X=123000
x=24600

Question 4

deontology

Answer 4

principle based

Question 5

utilitarism

Answer 5

thinking about the possible consequences of your behavior, greatest good for the greatest number of people

Question 6

three stages of development

on the test

Answer 6

preconventional - self centered
conventional- loyalty to a group is this legal
postconventional - focus on long run consequences

Question 7

intensity

Answer 7

the importance of a decision

Question 8

environmental management

Answer 8

implementing strategies that attempt to shape the external environment within which an organization operates

Question 9

SWOT

Answer 9

Strengths and Weaknesses internal

opportunities and threats external

Question 10

marketing environment

Answer 10

demographics - any change in the makeup of a population
social changes - different views of people
economic changes - changes
political/legal change - change in laws and leaders
technological changes - changes in tech
Competitive changes - direct and indirect competitors

Question 11

intra industry competition

Answer 11

people who are in your industry

Question 12

competitive forces you should be concerned with

Answer 12

suppliers - intra industry competition - customers

new entrants - threat of substitutes