Hudetzka - BWL at Duale Hochschule Baden-Württemberg

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Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What is a business?

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

Basic economic assumption

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What are "needs"?

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Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What kind of resources do exist?

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What are free resources? What characteristics do they have?

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What are economic resources? What characteristics do they have?

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What kind of goods do exist?

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Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What are consumer goods?

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What are consumer services?

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

What are capital goods?

Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

Three different ways to deal with scarcity?

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Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

Describe the minimum principle?

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Exemplary flashcards for Hudetzka - BWL at the Duale Hochschule Baden-Württemberg on StudySmarter:

Hudetzka - BWL

What is a business?

A business is any organization that uses resources to meet the needs of customers by pro dividing a
product or service they demand

Hudetzka - BWL

Basic economic assumption

needs are unlimited,

have limited resources

Hudetzka - BWL

What are "needs"?

Needs: perceived lack

Hudetzka - BWL

What kind of resources do exist?

Free resources

Economic resources

Hudetzka - BWL

What are free resources? What characteristics do they have?

- Available in nature; forever abundant
- don’t require Human Resources to produce
- have no money value or price
=> gifts of nature (sunlight, air, water,...)

Hudetzka - BWL

What are economic resources? What characteristics do they have?

- demand is higher than supply
- require Human Resources for production
- have a money value or price
=> not gifts of nature

Hudetzka - BWL

What kind of goods do exist?

Consumer goods,

Consumer services,

capital goods

Hudetzka - BWL

What are consumer goods?

- physical and tangible goods sold to the general public


distinction between:
- durable consumer goods (cars)
- Non-durable goods (food)

Hudetzka - BWL

What are consumer services?

- non-tangible products that are sold to the general public
- exp.: assurances

Hudetzka - BWL

What are capital goods?

- physical goods that are used by industry to aid in the production of other goods or services


- exp.: investments


- Whether something is considered as a capital or consumer good is often a question of viewpoint (salami)

Hudetzka - BWL

Three different ways to deal with scarcity?

Minimum principle (input orientated)

Maximum principle (profit orientated)

General extremum principle

Hudetzka - BWL

Describe the minimum principle?

Minimum principle (input view)


Achieving set targets with the minimum allocation of resources


The market share should be increased by 10% with the minimum of the financial expense of the Marketing department

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Grundlagen der BWL

Hahn - MARKETING

Stanley - BUSINESS & MANAGEMENT

Rudolph - INTERN. BUSINESS

Handelsrecht Schindele

HGB - Schindele

Bilanzierung Zimmermann

BWL 1

Marketing

BWL 1. Semester

Marketing

ALDI PLU's

Corporate Risk Management

Recht 1

International Marketing

International Business

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Ostbayerische Technische Hochschule Amberg-Weiden

BWL at

Hochschule für angewandtes Management

Bwl at

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BWL at

Hochschule Hof

BWL at

FOM Hochschule für Oekonomie & Management

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