Contacting by phone, internet or in person multiple sellers to obtain the best deal.
What is comparison shopping
100
The amount of money a person has left after their income tax is deducted.
What is net income
100
the group of customers to which a business intends to sell its product.
What is a target market
100
someone who starts, operates and assumes the risk of a business venture in the hope of making a profit.
What is an entrepreneur.
100
the debts owed by a business to others
What is liabilities
200
These stores are of a plain design and offer basic customer service. Their products are normally cheaper than department stores.
What is a discount variety store.
200
People such as real estate agents and sales assistants can earn this type of income.
What is commission
200
Having an attachment to materialistic possessions.
What is consumerism
200
something an entrepreneur can see as an avenue to success
What is a 'business opportunity'.
200
a legally binding agreement
What is a contract
300
The three features of a contract.
What is an offer, acceptance and consideration
300
Banks and finance companies
What is lending institutions
300
What strategies are a part of the pormotion mix used in business?
What is personal selling, advertising, below - the - line promotions, publicity (public relations)
300
The four types of skills successfull business people should posess.
What are financial skills, marketing skills, operating skills, personal characteristics.
300
registering your business name is a regulation of which level of government?
What is state government
400
Name the three legal rights of consumers.
What is:
- safe products,
- accurate product information,
- full disclosure of the terms of sale
- and warranties.
400
The two types of home insurance.
What is home and contents insurance AND
buidling insurance
400
What 4 identified factors are the major differences between products?
What is service, convenience. social and environmental issues and value.
400
Legal structures of businesses
What is sole trader, partnership, private company, public company
400
The four types of loans available
What is personal loans, mortgage loans, bank overdraft and credit cards
500
Name all types of payment choices.
What is cash, credit, direct debit, cheque, lay - by, electronic funds, and book up
500
Three reasons why people invest their money
What is major purchases, extra income, retirement, holidays, health expenses, career change.
500
When the total market is subdivided into groups of people who share one or more common characteristics such as age, gender, income level, educational background.
What is market segmentation
500
this statement measures how successful a business is at trading