Marketing
what are the 4 p's of marketing?
product, price, place, and promotion.
what is the list price of a product?
the recommended set price set by the manufacturer or seller before any discounts or promotions are applied.
what is the main characteristics of a perfectly competitive market?
many buyers and sellers, homogeneous products, and free entry and exit.
What is accounting?
Accounting is the process of recording, classifying, summarizing, and reporting a company's financial transactions. It helps track financial performance and position.
How do you spell dey's full name
dEymarie
what is a target market?
A target market is a specific group of people that a business aims to reach with their marketing efforts.
what is the net price of a product?
the final price a customer pays after discounts, taxes and fees are included.
give an example of monopoly
a single firm controlling the entire supply of a specific product or service, like a public utility.
What are the three financial statements?
The three core financial statements are the income statement, balance sheet, and statement of cash flows.
Whats Dey's favorite color?
pink
what is CRM?
CRM stands for Customer Relationship Management, and it refers to the systems and strategies businesses use to manage customer interactions.
how does the price affect how much of a product people want to buy?
when prive goes down, people tend to buy more and when price goes up they buy less.
what is the main characteristic of an oligopoly?
a market dominated by a few large firms.
What is the accounting equation?
The accounting equation is Assets = Liabilities + Equity.
Whats Dey's favorite thing to do
sleep
what are some examples of digital marketing?
digital marketing includes activites like social media marketing, email marketing, and search optimization.
how do discounts or promotions affect product price?
result in a lower net price for the customer.
what type of market structure has many sellers and buyers with differentiated products?
monopolistic compitition
What are assets, liabilities, and equity?
Assets: Resources owned by a company that are expected to provide future benefits. Liabilities: Obligations of a company to others.
Equity: The owner's stake in the company.
what are key differences between offline and online marketing?
discuss the distinct characteristicts of each, including reach, target audience, cost, measurement, and the ability to interact with customers. Highlight the advantages and disadvantages of each approach.
what is the "market equilibrium price"?
the point where the amount of a product that sellers are willing to offer meets the amount that customers are willing to buy.
How does market structure affect the economy?
the structure of the market affects how firm price and supply their goods and services, the entry and exit barriers, and how efficiently a seller carries out its business operations
What are debits and credits?
Debits and credits are used in double-entry bookkeeping to record transactions. Debits increase asset, expense, and dividend accounts, while credits increase liability, equity, and revenue accounts.