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SBS 101 Final Assessment Study Guide

The document provides a study guide for a business foundations final assessment covering six key concepts: 1) defining business and stakeholders, 2) applying ethical decision-making, 3) understanding marketing mix and consumer behavior, 4) reading financial reports, 5) using analytics to measure success, and 6) improving operations management. The guide focuses on defining terms, identifying scenarios, and understanding important roles and applications of each concept to help students prepare.

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Justin Santos
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38 views7 pages

SBS 101 Final Assessment Study Guide

The document provides a study guide for a business foundations final assessment covering six key concepts: 1) defining business and stakeholders, 2) applying ethical decision-making, 3) understanding marketing mix and consumer behavior, 4) reading financial reports, 5) using analytics to measure success, and 6) improving operations management. The guide focuses on defining terms, identifying scenarios, and understanding important roles and applications of each concept to help students prepare.

Uploaded by

Justin Santos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SBS 101: BUSINESS FOUNDATIONS

FINAL ASSESSMENT STUDY GUIDE


CONCEPT 1: WHAT IS BUSINESS

FOCUS ON

Knowing the definitions of equity and


Identifying the various entities that make Understanding innovation and the role it
revenue and understanding their roles in
up a business’ stakeholders plays in growing a business
business
CONCEPT 2: BUSINESS ETHICS

FOCUS ON

Being able to formulate an arguement


Identifying scenarios in which companies Knowing how to work through the ethical
based on the decision making process on
face ethical business decisions decision making process
whether a decsion was ethical or not
CONCEPT 3: MARKETING TO CONSUMERS

FOCUS ON

Recalling what the term brand means and


Defining what the 4 P’s in the Marketing Understanding the important concepts of
identifying the various channels used in
Mix stand for and how to identify them in consumer behavior
Integrated Marketing Communications
business.
CONCEPT 4: BUSINESS FINANCE

FOCUS ON

Knowing how to read a financial report and Understanding what the operating Identifying the various items that make up
identify key parts expenses of a business are a company’s operating expenses
CONCEPT 5: BUSINESS ANALYTICS

FOCUS ON

Recalling the types of analytics used to


Identifying the roles analytics play in Understanding how analytics can help
analyze data to provide valuable insights
measuring activity and success drive business decision making
for businesses​
CONCEPT 6: OPERATIONS MANAGEMENT

FOCUS ON

Identifying and explaining ways that business owners make


Understanding the importance of operations management managerial decisions to improve effectiveness, efficiency and
productivity

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