Finance
The net sales of a company - The cost of goods sold by the company
What is gross profit?
A paid promotion of any idea, good, or service by an identified sponsor
What is an advertisement?
The expenses a firm must pay before it can begin to produce and sell goods.
What are start-up costs?
A mutually binding legal relationship obligating the sell to furnish supplies or services and the buyer to pay for them
What is a contract?
A hotel staff member who helps guests make arrangements
What is a concierge?
The process of combining financial data from several departments or business entities within an organization, usually for reporting purposes.
What is financial consolidation?
A specific group of people that a marketing campaign is focused on attracting
What is a target market?
The purchase of a company by another, larger firm, which absorbs the smaller company into its operations.
What is acquisition?
A limit on either the quantity or value of a product that may be imported
What is a quota?
A fee or payment for services based on a percentage of products sold
What is a commission?
The measure of a company's ability to meet its financial obligations
What is a convergence ratio?
A business that buys goods from producers or agents and sells them to retailers
What is a wholesaler?
Business owned and usually operated by one person who is responsible for all of its debts.
What is sole proprietorship?
A document prepared by an analyst or strategist who is a part of the investment research team in a stock brokerage or investment bank
What is a research report?
The process of developing, promoting, and distributing specific locations to satisfy travelers and maintain appeal as long as possible
What is destination marketing?
The money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
What is capital expenditures?
The benefits and experiences that marketing campaigns try to associate with a product in its current and prospective consumers' minds.
What is a brand promise?
An act that requires clear, accurate labeling on everyday consumer products to prevent deceptive packaging and help people compare items
What is the Fair packaging and labeling act?
a long term order by a buyer to a seller for supplying specific goods or services for a fixed amount of time
What is a blanket purchase order?
A system of maximizing revenue through adjusting room rates according to demand
What is yield management?
You have a car loan with a remaining balance of $20,000 and an annual interest rate (APR) of 6%. Your fixed monthly payment is $386.66. How much of your next payment goes toward interest versus the principal?
What is $286.66?
When a shop sells goods that are usually sold by another type of shop, in order to increase profits or attract new customers.
What is scrambled merchandising?
If a business negotiates a 3.6% discount rate and has credit card sales this month of $78,450, what
amount does it owe the bank?
What is $2,824.20?
Method of accounting in which you recognize income when you receive the cash and expense when you receive the bill
What is the Cash Basis of Accounting
An organization that works with meeting planners to provide tourist information services to business and leisure travelers
What is the Convention and Visitors Bureau (CVB)?