The relationship among profit, business risk and satisfying the customers’ needs. Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

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Answer 1

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Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

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Answer 2

Question

Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

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Answer 3

Question

Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

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Answer 4

Question

Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

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Answer 5

Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Answer 6

Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Answer 7

Chapter 1, Problem 6CC

Summary Introduction

To determine: The relationship among profit, business risk and satisfying the customers’ needs.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Answer 8

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Answer 11

Ch. 1 - Prob. 1CC Ch. 1 - Prob. 2CC Ch. 1 - Prob. 3CC Ch. 1 - Prob. 4CC Ch. 1 - Prob. 5CC Ch. 1 - Prob. 6CC Ch. 1 - Prob. 7CC Ch. 1 - Prob. 8CC Ch. 1 - Prob. 9CC Ch. 1 - Prob. 10CC

Solution Summary: The author defines business as the planned exertion of people to manufacture and trade, for revenues, goods and services that fulfill the requirements of the people.

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Chapter 1 Solutions