Mba Ets Major Field Test Exam Questions (103 Terms) With Verified Definitions Updated 2024

future value {Ans: the value of a current asset at a specified date in the future based on assumed growth rate FV = I * (1+(R*T)) where I = investment amt, R = interest rate, T = # of years}liquidity {Ans: the ease with which an asset, or security, can be converted into ready cash without affecting its market price; cash is the most liquid of assets}wholesalers {Ans: purchase large quantities of products directly from producers and sell the products in smaller quantities to retailers}environmental scanning {Ans: examining internal/external factors that influence firm's ops/decision-making}operating margin {Ans: measures how much profit a company makes on a dollar of sales after paying variable costs but BEFORE interest, tax; =operating income/sales (revenues)}promotion {Ans: Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response}