Marketing
What term means all of the following: planning, designing, selling, promoting, and servicing of products?
What is marketing?
What type of business is owned by the stockholders?
What is a corporation?
What word expresses the continuous striving of businesses to gain larger shares of their respective markets?
What is competition?
Hours worked over the regular 40 hour work week is called?
What is overtime?
What procedure allows customers to go directly to an area without delay?
What is express check-in?
What is the process of moving, handling and storing items in route from the producer to the consumer?
What is distribution?
When an individual or business has debts that are greater than their assets and cannot be paid, they are in a state of?
What is Bankruptcy
A retail system under which a supplier gives a retailer the right to use the company's name in a specified location to sell certain goods and services?
What is franchising?
An actual count of the merchandise in stock is called?
What is physical inventory?
Direct mail packets containing a variety of travel materials are called what?
What are promotional folders?
Any unpaid form of promotion for a business or its products is called
What is publicity?
What do you call a monthly report issued by a bank showing deposits made, checks written, and other information?
What is a bank statement?
Products that carry the label of the retailer who sells them rather than the manufacturer's brand name are called what?
What are private brands?
Name the diagram that shows the positions, responsibilities, and reporting lines of personnel in a business?
What is an organization chart?
A middleman that provides travel assistance between a travel business and a consumer is called what?
What is a tour operator?
Channel members which operate between a producer and consumer are known as
What are middlemen or intermediaries?
DAILY DOUBLE!!!
What is a balance sheet?
The upper limit to the amount that can be charged for a specific good or service is a?
What is a price celling?
A system of recording that shows a retailer the goods he has on hand, the items he has sold and their value?
What is inventory control?
What term encompasses food, lodging, transportation, and sight-seeing?
What are travel components?
A store that is owned and managed by a manufacturer primarily to sell the products that it produces?
What is a manufacturer owned chain?
Which economic system allows the means for production and distribution to be privately owned?
Capitalism/Free Enterprise
An item that is actually sold, on purpose, for less than its cost to the store, is being used as a?
What is a loss leader?
Pilferage is another name for?
What is employee theft?
A form of advertising; printed material that provides information about geographic locations and motel, transportation, and sight-seeing attractions
What is tourism literature?