An organized way in which a nation provides for the needs and wants of its people.
What is an economy?
100
The four P's of Marketing are Place, Product,Price and Programs.
False ( Place ,Product, Price and Promotion)
100
Matching up producers with the customers who want their products.
What is Marketing?
100
involves having a product where customers can buy it
What is Place Utility?
100
Pricing decisions dictate how much to charge for goods/services in order to make a profit
What is Pricing?
200
This economic system has no private ownership and have limited consumer sovereignty.
What is a Command Economy?
200
A point where Quantity supplied equals quantity demanded is Meeting point.
False (equilibrium)
200
This is a good that wears out quickly.
What is a non-durable good?
200
communication with the consumer.
What is Information Utility?
200
A UPS truck delivers cookie dough to the school store.This is an example of _________.
What is channel Management?
300
The United States has this type of economy.
What is a Mixed Economy?
300
Sean " Diddy" Combs has business ventures like his deal with Diageo's Ciroc vodka, which brings him double-digit millions annually. He also rakes in cash from clothing lines Sean John and Enyce, marketing firm Blue Flame and record label Bad Boy. Next up: cable channel Revolt, slated for a 2013 debut. This is an example of Entrepreneurship.
True
300
The output of goods and services producwed by labor and property located within a country.
What is Gross Domestic Product (GDP)
300
Having a product or service available at a certain period of the year or a convient time of day?
What is Time Utility?
300
Analyzing information about customers
What is Market Info Management?
400
In this economic system , Competition is always a struggle between producers and consumers .Canada and Hon-Kong are prime examples .
What is Market Economy?
400
Gas is elastic .
False( inelastic )
400
The group of people most likely to become customers,identified for a specific marketing program.
What is a Target Market ?
400
Changing raw materials into usable goods or putting parts together to make them more useful.
What is Form Utility?
400
to INFORM ,PERSUADE, or REMIND current and potential customers about a business's products or services.
What is Promotion ?
500
What to produce? For whom to Produce? how to Produce? represents______
What is 3 basic economic questions?
500
The law of Demand states : If the price of goods and services decrease,the quantity demanded will decrease.
False ( If the price of goods and services decrease, then the quantity demanded will increase)
500
The idea that a business should strive to satisfy customers' needs and wants by generating a a profit for the business.
What is Marketing Concept?
500
The exchange of a product for money
What is possession utility?
500
obtaining,developing,maintaining and improving a product in response to market opportunties.