Management
What type of business is owned by the stockholders?
Corporation
What term means all of the following: planning, designing, selling, promoting, and servicing of product?
Marketing
An amount of money charged for the use of borrowed money or credit (loans)?
Interest
A salesperson who meets the customers face to face and persuades them to buy is involved of what type of selling?
Personal Selling (FTF is acceptable too)
What is the DECA logo?
Diamond
Agreements between two or more people stating that one party is to do something provided by another party is called?
Contract/Contractual Agreement
A rivalry between two or more businesses to obtain customers is called?
Competition
What do you call a monthly report issued by a bank showing deposits made, checks written, and other information?
Bank Statement
A product or service that satisfies a customer's wants and needs has?
What do you call the basic principles by which you live, the personal rules which guide your words and actions?
Ethics
When two or more people operate a business and share the profits and losses, they own what type of business?
Partnership
The advantages of a product that are not immediately obvious to the customer?
Hidden Benefits
When the customer has only X amount of dollars to spend, this is referred to as?
Buying Power
A sale that the retailer uses to remote leftover items from the selling floor?
Clearance
When goods and services are purchased from the U.S. by foreign buyers it is called?
Exports
Legal or official permission, required by many communities, to operate or run a business?
Marketing is the connecting link or bridge between producers and?
Consumers
A report that tells the financial status of a business?
Balance Sheet
What is the process of moving, handling and storing items in route from the producer to the consumer?
Distribution
How are you organizing your list when you write down the activities that you need to do in the order of their importance?
By Priority
What would you call a person who assumes the responsibility and the risk for starting and operating a business?
Entrepreneur
What are the four roles of marketing? (4 P's)
Product, Place, Price, Promotion
When an individual or business has debts that are greater than their assets and cannot be paid, they are in a state of?
Bankruptcy
Since sellers and marketers must complete among themselves to attract customers for their products, their first objective is to satisfy the consumers' _____?
wants and needs
Where will DECA ICDC be held in 2024? (City, State)
Anaheim California