Accounting
International Business
Product Development
Marketing
Finance
100
Accounting Equation
Assets + Liability = Owner's Equity
100
What is a quota?
A limit on the amount of a product that can be imported.
100
Home phones are in what stage of the product cycle?
Decline
100
What is a brand?
A letter, sound, or symbol that differentiates a product from similar products on the market.
100
What is a budget?
a financial plan
200
What is another word for revenue?
Sales!
200
What is dumping?
Taking excess of a product in the US and sending it off to other countries.
200
Where does the majority of business ideas come from?
Entrepreneurs & Small Business
200
What is Wood County's largest industry?
Agriculture
200
What is Finance?
All of the activities involved in planning for, obtaining, and managing a company’s funds.
300
What are the 3 financial statements?
Balance Sheet, Statement of Cash Flow, Income Statement
300
What is a foreign direct investment?
The formal establishment of business operations on foreign soil, such as factories, sales offices, or branch stores.
300
Name two to the four product development methods.
New to Market New to Company Improvement to Existing Product Extending Existing Product Line
300
What are the four types of customer segmentation?
Demographic Psychographic Behavioral Geographic
300
How would a business meeting go in a low-context society?
Very straight forward, to the point. Distance kept.
400
How is depreciation a good thing?
Lowers taxable income
400
Name one of the agencies tat monitor international trade policies.
GATT and WTO
400
Name 2 types of utility that customers value.
Time Place Form
400
Identify Three Pricing Strategies.
Penetration Skimming Target-Costing Demand Based Prestiege Odd-Even Cost Based
400
Name two of the three main goals of the Fed's three major goals.
Price Stability Sustainable Economic Growth Full Employment
500
What's the difference between gross profit, operating income, and net income?
sales – cogs = GP. GP – FC = OI. OI – taxes, interests = NI
500
What prohibits the distribution of bribes and other favors among American businesspeople conducing business with foreign officials and businesspeople?
Foreign Corrupt Practices Act
500
What is product development?
Getting feedback to refine the product
500
Four Elements of the Promotion mix.
Advertising Personal Selling Public Relations Sales Promotion
500
What are some two services that banks often outsource?
payroll services credt-card processing ATM software systems
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