Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

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Ben and Chris combined their love of hockey with a business venture.They purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena.Their first year went well,but this past year has been a real struggle.Due to poor economic conditions including a loss of jobs,ticket sales at the arena are down,which has significantly hurt their sales as well.As a recent business school graduate,you explain to Ben and Chris:

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In countries where businesses are government owned:

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People between the ages of 65 and 74 represent:

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Companies that sell goods to consumers over the Internet are engaging in:

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The databases of a business often include a great deal of information about the firm's customers.

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Taxes and government regulations are part of the economic and legal environment in which businesses operate.

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The business-to-business segment of e-commerce is of less importance than the business-to-consumer segment of e-commerce.

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