Marketing Mix
These are the four components of the marketing mix.
Product, Price, Place, and Promotion?
These are the four functions of management.
Planning, Organizing, Directing, and Controlling?
Items of value owned by a business.
Assets
According to the segment, businesses are classified by this.
work activities the business performs
This is NOT a level of Maslow's hierarchy of needs.
Personal interest
This is NOT a component of the marketing mix.
Perception
This is NOT a function of management.
Analyzing
The debts or obligations of a business.
Liabilities
A business that extracts or harvests products from nature.
Producer
The three needs of consumers that should be met.
Physical, Social, and Psychological
These activities are used to persuade consumers they need the product.
Promotion
These are the three steps of the employment process mentioned in the segment.
Assess employment needs, Recruit potential employees, and Select employee who fulfills goals
These are four sources of funding for a business.
Borrowing funds, Selling stocks, Investors, and Increasing owner contributions
An example of a producer.
Mine (or Cotton mill is processor)
This is NOT a role of production and distribution in a company.
Marketing
These are the four stages of the product life cycle.
Introduction, Growth, Maturity, and Decline?
This is NOT a step of the employment process according to the segment.
Negotiate salary and benefits of new hires
This is NOT a source of funding.
Decreasing owner contributions
An example of a service firm.
Landscape company
This is NOT a business department mentioned in the segment.
External Relations
This is NOT a stage of the product life cycle.
Evaluation
Evaluating employee performance helps with these decisions, but NOT this one.
Sick leave
According to the segment, this is why the Finance and Accounting department is important to a business.
"Businesses cannot exist without cash flow"
This is NOT an example of a processor.
Landscape company
Hair Salon
Any service based company
This is NOT a responsibility of the Finance department.
Establishing external relations