Supply and Demand
This states that an increase in the price of goods or services results in an increase in their supply.
What is the Law of Supply?
The hallmarks of this type of advertising is word of mouth, social media sharing, news coverage, or online mentions.
What is earned media?
The process used to measure the benefits of a decision or taking action minus the costs associated with taking that action
What is cost-benefit analysis?
How resources are distributed to the people who desire the resource.
What is Allocation?
A credit score measures this.
What is financial responsibility?
The quantity of goods or services that suppliers are willing and able to provide to customers.
What is Supply?
What a business does something for a good cause, like donating money or time to a charity, they are engaged in this type of marketing.
What is cause marketing?
The idea that if you choose one thing, you are going to lose anothe
What is a trade off?
This occurs when the demand for a good or service is greater than the availability of the good or service.
What is scarcity?
This type of debt must be written off as a loss.
What is bad debt?
This states at a higher price, consumers will demand a lower quantity of a good.
The Law of Demand
When your company joins up with another company to sell products. Like how McDonalds includes Mattel toys in its happy meals, or when Taco Bell sells a taco made from Doritos.
What is co-branding.
This helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.
What is Bankruptcy?
This is a condition where the quantity of a product or service demanded is greater than the quantity supplied at the market price.
What is a shortage?
This range is considered a "good" credit score.
What is 670-739
The non-price factors that affect the quantity of a good that suppliers are willing and able to sell at a given price.
What is a Supply Shifter?
When a company puts goods near the cash register or suggest that consumers buy something else when they are about to pay (Amazon.com asks if you also want to buy something else that is similar to this product).
What is point of purchase marketing?
This is a spending plan based on income and expenses
What is a budget?
This business connects buyers and sellers to complete a transaction for stock.
What is a brokerage firm?
This is debt that builds your credit history.
What is good debt?
The factors that either positively or negatively affect demand in the market.
What is a demand determinant?
When you try to get people to buy from you by telling them a story about your business or about how your business can help their life.
What is story telling?
An individual that puts money into an entity such as the stock market for a financial return
What is an investor?
This is a a share in the ownership of a company, including a claim on the company's earnings and assets.
What is a stock?
This considered a "poor" credit score.
What is 300-579?