1
Marketing involves researching, packaging, and advertising the product. True or False?
True
The general name for the market of short term loans is
money market
What is the definition of international trade?
buying and selling of goods and services across boundaries
All of the following are pricing techniques except:
a) Cost plus profit
b) Market condition
c) Predatory pricing
d) Scientific pricing
Scientific pricing
A target market consists of
the group of consumers a firm is trying to satisfy
assurance means...
a risk that is bound to happen
Terms of trade is included in the balance of payments account. True or False
False
Marketing activities begin and end with
Consumers
What is a credit note?
an acknowledgement of an overcharge by a supplier
pooling of risk is the reason
large sums can be paid to claimants
The term technological dualism describes
the division of the economy into two very distinct sectors, one technologically advanced, the other technologically backward
A document that estimates the cost of goods for sale is called a...
quotation
What is an invoice?
bill sent from supplier to purchaser after goods have been dispatched
Motor vehicle insurance is required by the law to drive a motorcycle. True or false
True
The Caribbean Community and common market is usually known as
CARICOM
To maintain overall supervision of a country’s financial sector is a function of...
the central bank
Indemnity means
restore to a former position
Monopoly can be defined as a situation where
there is a sole supplier of a good or service
The blend of different marketing activities aimed at a target market is referred to as...
The marketing mix
People who act as wholesalers of stock and shares are called...
Jobbers