Marketing
striving to meet costumers needs and wants while making a profit.
Marketing concept
The most commonly used method to purchase items in the US.
Credit
Providing costumers with goods and services they want.
Marketing
If you helped DECA with habitat for humanity, what section of your resume would that go under?
Volunteer/community service
Money owed is known as?
Debt
The four basic marketing strategies.
Marketing mix
Cost of credit expressed as a yearly percentage is known as?
Annual Percentage Rate/ APR
Consumers who purchase goods and services for personal use.
Consumer Market
The process of achieving company goals by effective use of resources is called?
Managment
Unlicensed lenders that charge illegally high rates are called?
Loan Sharks
Marketing helps businesses do what?
Connect the business to the consumer
what is the example of a good credit score.
650-750
Tangible items purchased by consumers.
Goods
The process of creating, growing, manufacturing, or improving on goods and services is called?
Production
A person or company that loans or extends money.
The Creditor
Providing costumers with goods and services they want to buy is which marketing function?
Research/ Planning
The total dollar amount for all interest fees you pay for the use of credit.
Finance charge
What is not an example of a service credit?
Car bill
An example of a non profit business.
YMCA
Property pledged to assure repayment of a loan.
Collateral
A company decides to only sell there ski equipment in snowy regions. What marketing concept is this.
selling to there Target Market
An agreement to lend the borrower an amount up to a stated limit and to allow borrowing up to that limit again, Whenever the balance falls below that limit its called?
Closed end credit
Finish line asks their costumers to go online and take a survey about service they received while making their recent Purchases. Which marketing function is Finish Line implementing?
Product planning
Which government agency sets guidelines for workplace safety and environmental concerns?
Occupational Safety and Health Administration/OSHA
An item of value that is pledged as a collateral to a loan until debt is paid.
Capital