An intangible skill.
What is soft skills?
All potential customers who share common needs and wants and who have the ability and willingness to buy a product?
What is Target Market?
A business owned by two or more people.
What is Partnership?
The social effort to protect consumer rights by putting legal, moral, and economic pressure on businesses is known as this.
What is Consumerism?
The process of developing, promoting and distributing products.
What is Marketing?
Working with a diverse group of people to reach a common goal.
What is Teamwork?
The 4p's of marketing also known as the marketing mix.
What is Product, Place, Price, and Promotion?
The most common form of business ownership and the easiest to start.
What is Sole Proprietorship?
This branch of the government has the greatest impact on business.
What is Legislative Branch?
Marketing a product that appeals to everyone.
What is Mass Marketing?
The employability skill which involves meeting new and different people to make connections in your field of study.
What is networking?
The process of subdividing the market according to customer needs and characteristics.
What is Market Segmentation?
Businesses NOT associated with the government.
What is Private Sector?
This branch of the government enforces laws and regulations, and includes the President and his cabinet.
What is the Executive Branch?
A term which states that businesses must satisfy the customer’s needs and wants with the right goods at the right time, at the right price, and at the right place.
What is Marketing Concept?
The acronym of S.M.A.R.T. stands for this.
What is Specific, Measurable, Achievable, Realistic, and Time bound.
Segmenting the market according to where people live.
What is Geographics?
This function of business involves the process of achieving company goals by effective use of resources through planning, organizing, and controlling.
What is Management?
This branch of the government includes the Supreme Court and lower courts.
What is Judicial Branch?
An employee reporting the illegal action of their employer is...
What is Whistle Blowing?
Strengths, Weaknesses, Opportunities and Threats are known as this.
What is S.W.O.T. Analysis?
Information about the values and attitudes that shape customers’ lifestyles.
What is Psychographic?
The process of starting and running a business or non-profit.
What is Entrepreneurship?
Which government agency is responsible for the fair and equitable treatment of employees with regard to hiring, firing, and promotions.
What is Equal Employment Opportunity Commission?
A percentage of the total sales volume generated by companies that compete in a given market
What is Market Share?