Business
Name the 4P's
Product, price, promotion, place.
What does the E in OCEAN stand for.
Extraversion.
A market with limited or no government interference.
What is an example of Hard power?
Military power.
What is the capital of South Africa?
Pretoria?
State two examples of Above the Line promotion.
TV, Radio.
Explain what is menat by Social Psychology.
Social psychology is the study of how individual or group behavior is influenced by the presence and behavior of others.
What is the law of demand?
As prices increase, quantity demand falls.
Define the term sovereignty.
Think of it as a nation's right to be the absolute boss within its own borders, free from outside interference.
With what country does France share its longest border?
Brazil
Define the term marketing
identifying, satisfying and meeting customer needs.
Wxplain what is meant by obedience.
Following the direct request of an authority figure.
Provide an example of a price elastic and price inelastic good.
clothes, medicine.
what is meant by complex interdependence?
The idea that the modern world is tied together by dense networks of trade, technology, and communication that make military force less useful and states more reliant on each other.
What is the deepest part of the ocean called?
Mariana trench.
State the 3 methods of distribution.
Direct, single, double intermediary.
What are the 2 main reasons for why we may conform?
Informational and normative influence.
Explain what is meant by a shortage.
A condition in the market in which the quantity demanded is greater than the quantity supplied at the existing price.
What are the 4 concepts covered in Global Politics?
Interdependence, sovereignty, legitimacy, power.
Which country has the most islands in the world?
Sweden.
Define the term Business.
organisation providing goods and services on a commercial basis.
Explain what lowballing is.
Getting someone to commit to an attractive deal first, then revealing hidden costs or changing the terms to be less favorable.
Staten 3 things that may lead to a change in demand.
Tastes, expectations, consumer incomes.
What are 3 of the 5 assumptions made by realism?
States primary actors, anarchic, survival primary goal, states are rational, states exist in a self help system.
What is the worlds largest desert?
Antartica