The 4 p's & the 5th P
Determining discounts, credit terms, and available payment methods is apart of which group
what is price
non-intervention by the government
what is Laissez-faire
true or false: economic systems vary from country to country
true
is a road map for where the business will be going
what is business plan
the purpose of an orginization
what is mission statement
Updating, Improving or eliminating products from a product line is apart of which group
What is product
economy in which the government owns of production and makes all economic decisions
what is command economy
involve various political, legal, social and economic environments
what is governments
highlights financial data, should be no longer than 2 pages, and should convince the audience to read the rest of the plan
what is executive summary
the most powerful way advertising
what is word-of-mouth
Also known as "distribution"
what is place
highly centralized government in which citizens have no influence on laws of the government and freedoms are highly restricted; includes communism and fascism
what is Totalitarian Government
severely restricts the choices and freedoms of a individual
what is communism
where raw materials needed for production will some from
what is suppliers
foundation of basic systems and facilities serving a nation; includes sewage, water, electric, transportation, and communication systems
what is infrastructure
creating activities and strategies to increase sales is apart of which group
what is promotion
degree to which a country is industrialized, adopts new technologies, provides basic resources for its citizens, and sustains a minimum standard of living
what is economic development
sustain control through the use of secret police, mass surveillance, control of mass communication, and control of armament
what is totalitarian government
where a organization will be headed in the future and should capture the long-term picture of what the business will become
what is vision statement
practice by which nations conduct relationships with one another
what is diplomacy
The 5th P
what is people
total market value for all goods and services produced within a country during a specific time period
what is Gross Domestic Product (GDP)
incorporate a market economy in which the economy is directed by supply and demand
what is democratic goverment
elements which should be taken advantage of and elements which must be avoided or properly managed
what is strengths and weaknesses
deals with production, trade, and investment
what is the economy