Chapter 1.1, Problem 2ST

How do companies add value, and what arethe dimensions of performance that customersare expecting of companies?

What drives a person to establish their own company, and what are the benefits of doing so?

What are the four factors that have stimulated the growth of commercial software?

Which of the following is the primary goal of a firm? Select one: O a. maximize stockholder wealth O b. maximize dividend payments Oc minimize expenses O d. satisfaction of suppliers

Explain an example of profit oriented companies.

Which of the following is nor a common goal of an organization? A. operational efficiency B. being acquired by another business C. achieving strategic goals D. measuring financial performance

Explain how an understanding of the industry where a company operates can directly impact its success.

Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form