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7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] nonrenewable resources [Answer]
resources that can be used up faster than they can be replenished naturally, such as coal, oil, and natural gas
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] observation [Answer]
use of our senses to report the characteristics of properties and phenomena
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] pollution [Answer]
the contamination of the air, water, or soil
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] population crisis [Answer]
situation in which the number of people grows so quickly that a region cannot support them
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] prediction [Answer]
statement about what one expects will happen
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] pure science [Answer]
study and activity that seek answers to questions about how the world works; examples are biology and physics
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] renewable resources [Answer]
abundant natural resources that are continually produced, such as trees and sunlight
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] resource depletion [Answer]
exhaustion of a natural resource, such as the extraction of oil from the Earth or the absence of nutrients from soil that has been overused
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] science [Answer]
systematized knowledge derived from observation, study, and experimentation; also the activity of specialists to add to the body of this knowledge
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] scientific methods [Answer]
methods scientists use to answer questions; includes observing, hypothesizing and predicting, experimenting, organizing and interpreting, and reporting
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] sustainable world [Answer]
world in which human populations can continue to exist indefinitely with a high standard of living and health
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] value [Answer]
what a person considers important, as when making a decision
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
7c210dcc_rds_about_DSST_Env_Sci__Chp__1__Answer
[Question] variable [Answer]
changed or changing factor used to test a hypothesis in an experiment
[]
Flashcards about DSST Env.Sci. Chp. 1
Answer
http://www.studystack.com/flashcard-928813
10/1438042988065.26_20150728002308-00103-ip-10-236-191-2_740837095_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Radical Strategy [Answer]
Maybe spectacular sales and profit growth. No customer value achieved. These are acquisition or market department based.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Rational Strategy [Answer]
High short term performance by creating new products. No long term customer relationships.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Robust Strategy [Answer]
Long term steady performance by creating superior customer value and long term customer relationships.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Strategy [Answer]
Marketing seeks to develop effective responses to changing market environments by defining market segments-developing and positioning product offerings for those target markets.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Tactic [Answer]
Marketing as tactics is concerned with the day to day activities of product management, pricing, distribution and marketing communications such as advertising, personal selling, publicity, and sales promotion.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Market Orientation [Answer]
The organizational culture……. that most effectively and efficiently creates the necessary behaviors for the creation of superior value for buyers and, thus, continuous superior performance for the business.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Product Push Alternative [Answer]
Under this approach firms center their activities on their existing products and services and look for ways to encourage, or even persuade, customer to buy.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Customer Led Alternative [Answer]
Under this approach organizations chase their customers at all costs. The goal is to find what customers want and, whatever it is, give it to them.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Resource Based Alternative [Answer]
Under this approach firms base their marketing strategies on equal consideration of the requirements of the market and their abilities to serve it. With this approach a long term view of customer requirements is taken in the context of other market consid
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Strategic Intent [Answer]
The vision of where the organization wants to be in the foreseeable future.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Core Strategy [Answer]
Is both a statement of the company’s objectives and the broad strategies it will use to achieve them.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Product Portfolio [Answer]
Portfolio analysis of the various offerings the organization has available on the market.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Drucker’s tomorrow’s breadwinner [Answer]
Investments in the company’s future. Products and services that may not yet be making a strong financial contribution to the company, but that are in growth or otherwise attractive markets and are expected to take over the breadwinning role in the future,
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] SWOT analysis [Answer]
The organizational strengths and weaknesses brought together through analysis, identifies the most significant factors affecting the organization and market.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Strategic Window [Answer]
The limited amount of time in which a firm’s resources coincide with a particular market opportunity.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Competitive Positioning [Answer]
Is a statement of market targets where the company will compete, and differential advantage, or how the company will compete.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Differential Advantage [Answer]
Can be created out of any of the company’s strengths, or distinctive competencies relative to the competition. Factors in choosing how to create the advantage are that it must be on a basis of value to the customer and should be using a skill of the compa
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Cost Leadership [Answer]
Under this strategy the company seeks to obtain a cost structure significantly below that of competitors while retaining products on the market that are in close proximity to competitors offerings. With this above average returns are possible despite heav
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Differentiation [Answer]
Creating something that is seen as unique in the market. A company‘s strengths and skills are used to differentiate the company’s offerings from those of its competitors along some criteria that are valued by customers.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Category Management [Answer]
Under this system brand managers report to a category manager, who has total responsibility for an entire product line.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] European Union [Answer]
Is a unique economic and political partnership between 27 European countries. It has delivered half a century of peace, stability, and prosperity, helped raise living standards, launched a single European currency, and is progressively building a single E
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Grey Market [Answer]
The over 50’s and 60’s group in the developed West.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Youth Market [Answer]
Teenagers and the 20-somethings age groups.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Dynamic Marketing Capabilities [Answer]
The ability to create new marketing resources to identity, respond to and exploit change. Ensuring evolutionary fit between market needs in a dynamic competitive environment and market offers is the essence of effective strategic marketing.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Adaptive Marketing Capabilities [Answer]
The firm’s ability to identify and capitalize on emerging market opportunities. Adaptation implies doing things differently in response to external stimuli.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Global Market [Answer]
The main driving force behind international finance and trade, the exchange or transfer of goods or services between nations.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Sustainable Competitive Advantage [Answer]
A long term competitive advantage that is not easily duplicable or surpassable by the competitors.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Global Positioning [Answer]
Instead of thinking about the domestic market and a portfolio of business and brands think about globalization and focus on core competencies.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Master Brand [Answer]
Strength comes from a brand identity that links all parts of the business.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Breakthrough Technology [Answer]
New technology will underpin every aspect of the marketing process, even the product itself, may seem outlandish.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Balanced Scorecard [Answer]
Evaluating the benefits we deliver to all the stakeholders in the organization.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] PLC Premises [Answer]
All products have a limited life span, the life cycles of products follow predictable patterns or phases mostly, that market conditions, opportunities, and challenges vary over the life cycle, and the strategies need to adapt over the life cycle.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Strategic Group [Answer]
Is composed of firms within an industry following similar strategies aimed at similar customers or customer groups.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Environmental Turbulence [Answer]
The amount of change and complexity in the environment of a company, it is fundamental to understanding industries and this technological and marketing uncertainty is not only associated with the emerging stage of an industry.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Specialized Market [Answer]
Occurs when companies within the same market have differing returns on scale.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Fragmented Market [Answer]
Occurs when the market’s requirements are less well defined than the stalemate, volume, or specialized cases.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Strategic Fit [Answer]
Long term strategy adapted to the needs and requirements of the market with the organizational resources suited to the markets in which they operate. The firm must have the organizational resources for implementation of the strategy.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Qualitative Research [Answer]
Emphasis is placed on gaining understanding and depth in data that often cannot be quantified. It is concerned with meaning rather than numbers, usually involving small samples of respondents but probing them in depth for their opinions, motivation, and a
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Market Model [Answer]
Is a representation of the markets in which the business operates.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Competitive Benchmarking [Answer]
The process of measuring your company’s strategies and operations against the best in class companies, both inside and outside your own industry.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Competitor Analysis [Answer]
Involves evaluating a series of concentric circles of adversaries, the direct competitors within the strategic group, companies within the industry that are driven to overcome the entry barriers to the strategic group, and the outermost potential entrants
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Competitor Strategies [Answer]
What each competitor is trying to do and how they are trying to achieve it. Need to address they target markets, ways they operate in those markets and any type of competitive advantage they convey, and what marketing mix they are using.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Strategic Focus [Answer]
Enables an organization to develop an explicit strategy for growth and define measures to track its effectiveness. Most successful companies attempt to build their strategies on the differential advantage they have over others in the market.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Value Chain [Answer]
Is a chain of activities for a firm operating in a specific industry. Porter identifies 5 primary activities that add value to the final output of a company.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Good Competitor [Answer]
Is a company that has a clear understanding of its own weaknesses and therefore leaves opportunities for others in the market.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Operational Excellence [Answer]
Providing middle of market products at the best price with the least inconvenience.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Product Leadership [Answer]
Offering products that push the boundaries of product and service performance.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Competitive Environment [Answer]
The part of a company’s external environment that consists of other firms trying to win customers in the same market. It is the segment of the industry that includes all immediate rivals.
[]
Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Marketing Assets [Answer]
The resource endowments the organization has built or acquired over time.
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Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
25f06f1e_Flashcards_about_mgmt_62200__Answer
[Question] Resource Portfolio [Answer]
A useful summary of the organization’s resources which can be used to highlight areas for attention and development.
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Flashcards about mgmt 62200
Answer
http://www.studystack.com/flashcard-697209
10/1438042992201.62_20150728002312-00066-ip-10-236-191-2_730568882_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] comprises the principles and standards that guide behavior in the world of business [Question]
Business Ethics
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] the right to safety, the right to be informed, the right to choose, and the right to be heard [Question]
Consumers Bill of Rights
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] an orgainizations obligagtion to maximize its positive impact on stakeholders and to minimize its negative impact [Question]
Social responsibility
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] was developed to guide corporate support for ethical conduct. In 1986 eighteen defense contractors drafted principles for guiding business ethics and conduct. [Question]
Defense Industry intiative on Business ethics and conduct
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] approved by congress in november 1991, set the tone for oranizational ethical compliance programs in the 1990s. [Question]
Federal Sentencing guidelines for organizations
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] the most far reaching change in organizational control and accounting regulations since the securities and exchange act of 1934. The new law made securities fraud a criminal offense and stiffened penalties for corporate fraud. [Question]
Sarbanes-Oxley Act
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] can be viewed as the character of decision-making process that employees use to determine whether their responses to ethical issues are right or wrong. [Question]
Ethical culture
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] In a business context, customers, investors nd shareholders, employees, suppliers, government agencies, communities, and many others who have a "stake" or claim in some aspect of a company's products, operations, markets, industry and outcomes [Question]
stakeholder
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] those whose continued association is absolutely necessary for a firm's survival; these include employees, customers, investors, and shareholders, as well as the governments and communities that provide necessary infastructure [Question]
primary stakeholder
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] do not typically engage in transactions with a company and thus are not essential for its survival;these include the media, trade associations, and special-interest groups [Question]
secondary stakeholder
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] these are two way relationships between the firm and a host of stakeholders [Question]
stakeholder interaction model
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is often used to express the extent to which businesses strategically meet the economic, legal, ethical, and philanthropic responsibilities placed on them by their various stakeholders [Question]
corporate citizenship
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is one of an organization's greatest intangible assets with tangible value [Question]
reputation
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is founded in classic economic precepts, including the goal of maximizing wealth for investors and owners [Question]
shareholder model of corporate governance
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] adopts a broader view of the purpose of business [Question]
stakeholder model of corporate governance
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] one of the biggest issues that corporate boards of directors face [Question]
executive compensation
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] business ethics embodies standards, norms and expectations that reflect a concern of major stakeholders, including consumers, employees, shareholders, suppliers, competitors and the community [Question]
social responsibility
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] the degree to which a firm understands and addresses stakeholder demands can be referred to as a [Question]
stakeholder orientation
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] to remove the opportunity for employees to make unethical decisions, most companies have developed formal systems of accountability, oversight, and control [Question]
corporate governance
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] truthfulness or tustworthiness. To be honest is to tell the truth to the best of your knowledge without hiding anything [Question]
honesty
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is the quality of being just, equitable, and impartial [Question]
fairness
[]
Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is about how wealth or income is distibuted between employees within a company, a country, or across the globe [Question]
equality
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is an interchange of giving and receiving in social relationships. [Question]
reciprocity
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is the trade-off between equity (that is, equality or fairness) and efficiency (that is, maximum productivity). [Question]
optimization
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is one of the most important and often-cited terms regarding virtue, and it refers to being whole, sound, and in an unimpaired condition. [Question]
integrity
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is a problem, situation, or opportunity that requires and individual, group, or organization to choose amondg several actions that must be evaluated as right or wrong, ethical or unethical [Question]
ethical issue
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is a problem, situation, or opportunity that requires an individual, group, or organization to choose amondg several wrong or un-ethical actions [Question]
ethical dilemma
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is the most common ethical problem for employees...physical threats, false accusations, being annoying, profanity, insults, yelling etc [Question]
abusive or intimidating behavior
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] distorting the truth [Question]
lying
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] exists when an individual must choose whether to advance his or her own intersts, those of the organization, or those of some other group [Question]
conflicts of interest
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is the practice of offering something (usually money) in order to gain an illicit advantage [Question]
bribery
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] meaning that the person who promises or gives the bribe commits the offense [Question]
active bribery
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is an offense committed by the official who receives the bribe [Question]
passive bribery
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] made to obtain or retain business or other imporper advantages do not consititute bribery payments [Question]
facilitation payments
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] is the collection and analysis of information on markets, technologies, customers, and competitors, as well as on socioeconomic and external political trends [Question]
corporate intelligence
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] considered one of the top three methods for obtaining trade secrets [Question]
hacking
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json
ddee245e_rds_about_EST1___Ethical_Situa__Question
[Answer] assums that the attacker already has access to a low-level, privileged-user account [Question]
system hacking
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Flashcards about EST1 - Ethical Situa
Question
http://www.studystack.com/flashcard-590016
10/1438042992201.62_20150728002312-00267-ip-10-236-191-2_726748827_3.json