importance of leadership
what is leadership?
Ability to influence individuals and groups to accomplish important goals
what is marketing functions?
Groups of marketing activities.
Coca-cola used to put what in there drink?
cocaine
There are three types of economic systems?
Custom-Based, Directed or controlled and market
Whats a business?
a person's regular occupation, profession, or trade.
whats some ways of communication?
oral or written
formal or informal
internal or external
vertical or horizontal
whats marketing concept?
Considers the needs of customers when planning, pricing, distributing and promoting a product or service.
What's A few companies that pepsi owns?
name The five important features for our market economy
Private enterprise, Private property, Profit, Competition and freedom of choice
Whats the four types of business?
Extractors, Manufacturer, Marketers and service businesses.
tactical management
strategic management
mixed management
To have a successful business what must the business be able to do?
Help costumers with any needs
develop a product that will satisfy the customers and complete the necessary marketing activates effectively.
Complete all of those activity's at a profit.
What came first pepsi or coke?
Coke
Definition of Economic system
-a nation's plan for answering the key economic questions.
What activities must businesses perform?
Generating new ideas, Raising capital, Buying goods and services, Using human resources, producing goods and services and keeping records.
What are managers responsible for?
Making sure that resources are used effectively
Managing people
What are the 2 different channels of distribution.
Direct channel of distribution
Indirect channel of distribution
What's Coca-Cola's full name?
"the coca-cola company"
Whats 2 examples of economic system.
supplying, selling
How are new jobs given in a community?
A new big or small business arrives in the community.
whats some characteristics of an effective leader?
understanding, dependability, judgement, confidence, honesty, communications and intelligence.
name 2 of the 8 marketing functions
product/service planning, purchasing, financing, Distribution, pricing,risk management,marketing information, promotion
What brand switched their formula to taste like the others?
Coke
every society should answer 3 questions, what are they?
what to produce, how to produce and for whom produce.
What's a service business?
- A business firm that does things for you instead of making or marketing products.