General Marketing
product, price, place, promotion
what are the four p's
debit simply mean____________ and credit simply means ____________
what is left and right
Revenue-expenses =
What is profit
what is an export
what is an item that is shipped out of the country
The biggest disadvantage linked to franchising
What is high start up costs
data such as age, ethnicity and income
what is demographics
When you receive cash is it a debit or a credit
what is a debit
Gross profit/revenue (what is it determining)
What is gross profit margin
what is an import
what is an item that is shipped out of the country
A legal form of business with one owner associated with unlimited liability
what is a sole proprietorship
the systematic collection of analysis of data
what is marketing research
When you have an expense such as a telephone bill, do you debit or credit the expense category
what is debit the expense category
The profit that one earns prior to paying expenses and taxes
what is gross profit
when a country exports more than it imports it has a ____________ balance of trade
what is a positive
Limited liability but the owners are taxed on their profits and their dividends
the processes used to move goods from producer to consumer
When you purchase something on account (accounts payable) do you debit or credit accounts payable
what is credit accounts payable
Net profit/revenue
What is net profit margin
the total value of goods and services produced within a year
What is gross domestic product
limited liability, can be taxed as a sole proprietorship or a partnership
LLC or LLP (hybrid is also acceptable)
a short term event used to generate traffic and boost sales
When a client makes a purchase on account (you are the seller) do you debit or credit accounts receivable
What is debit accounts receivable
Net income must be moved to this statement to complete the accounting cycle
what is the balance sheet
belief that one group is better than another
what is ethnocentrism
When two or more entrepreneurs go into business together, they generally sign a(n)
what is a partnership agreement