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Random
100

What does a sales policy do for a company?

Ensures a positive shopping experience for customers

100

Six Flags Amusement Park wants to start offering more games in the game area that will attract more teenagers. While at the park, you are asked to complete a questionnaire about games you would like them to offer. This is an example of the _________________ marketing function.

Market Research

100

Match the characteristic to the appropriate business cycle. Very high unemployment

A. Recession B. Recovery C. Trough D. Expansion E. Depression

 

 E. Depression

100

Economics is the study of how a nation uses its resources. The resources, or factors of production, in an economy include

Land, Labor, Capital and Entrepreneurship

100

One owner who makes all of the business decisions is an advantage of which type of business ownership: Proprietorship, Partnership, Corporation, Limited Liability Corporation.  

Sole Proprietorship

200

Which of the following is not a reason that sales people must be trained in an organization?

They help reduce costs

200

You were just hired at Pet Smart to be a cashier. Your job includes running the cash register and assisting customers with their needs. This job is an example of the ___________ marketing function.

Selling

200

Match the characteristic to the appropriate business cycle. High consumer spending 

A. Recession B. Recovery C. Trough D. Expansion E. Depression

D. Expansion

200

Supply is the quantity of goods and services that:

Producers are willing and able to manufacture

200

The partners may disagree and cause problems in the business, which is an disadvantage of which type of business ownership: Proprietorship, Partnership, Corporation, Limited Liability Corporation. 

 Partnership

300

What are the major components of a sales training program?

Effective sales Techniques & Product information

300

) The marketing function of ______________ is used when Mayfield Milk decides how many trucks to use to transport its products in a timely manner to reduce product spoilage.

Distribution

300

Match the characteristic to the appropriate business cycle. Indicates that a recovery is near.

A. Recession B. Recovery C. Trough D. Expansion E. Depression


C. Trough

300

Demand is the quantity of goods and services that:

Consumers are willing and able to purchase

300

Money is easily raised by shareholders although most decisions are made by the board of directors is an advantage of which type of business ownership: Proprietorship, Partnership, Corporation, Limited Liability Corporation.

Corporation

400

Obtaining the money needed to start and operate a business is a marketing function known as ____________________.

Financing

400

Annie has decided to mark up the cost of the newest bathing suit line she just ordered for her boutique by 50%. This is an example of the __________ marketing function.

Pricing

400

Match the characteristic to the appropriate business cycle. Period of economic slowdown that lasts for at least 6 months

A. Recession B. Recovery C. Trough D. Expansion E. Depression


A. Recession

400

In an economy, individuals, businesses and the government have a variety of choices on which to spend their money. Once the choice is made, the alternative choices given up are considered:

Trade Offs

400

Run like a partnership and a corporation to limited the responsibility of the partners is an advantage of which type of business ownership: Proprietorship, Partnership, Corporation, Limited Liability Corporation. 

Limited Liability Corporation

500

When Apple decides to improve features of the IPOD by developing a newer, more up-to-date version, they have conducted the marketing function known as __________.

Product/Service Management

500

When Lois, a small business owner, decides to become a sponsor in his local community’s annual Cancer Walk in order to create publicity for his company, he is making decisions in relation to the _________ marketing function.

Promotion

500

Match the characteristic to the appropriate business cycle. Unemployed people begin to find jobs 

A. Recession B. Recovery C. Trough D. Expansion E. Depression


B. Recovery

500

William decides to purchase a baseball bat for $50. The opportunity cost of the decision to purchase the bat is which of the following?

Another item William could have purchased for $50

500

The owner of the company has unlimited liability is an disadvantage of which type of business ownership: Proprietorship, Partnership, Corporation, Limited Liability Corporation.

 Sole Proprietorship

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