Random
Largest ocean in the world?
Pacific Ocean
When your grandparents were young, gasoline prices were less than a dollar per gallon. Today, gasoline prices are much higher. This is the result of...
Inflation
What are some characteristics of an effective advertisement poster
Colors, clear text, catchy message
Give an example of a cooperation
Legit any company
Marketing
The process of promoting, selling, and distributing a product or service.
What is the significance of the Treaty of Versailles
the thingy that ended WW1
What is the name of a document that outlines a company’s goals, strategies, and action plans for a certain period?
Business Plan
Why might broadcasting advertisements based in New York, to countries outside of the United States be harmful?
Culture, references, may not be easy to understand
Give an example of a partnership
Examples: Baskin Robbins, Real Estate companies, Intel and Microsoft
Target Market
A specific group of consumers at which a product or service is aimed.
Who has the most goals + assists in soccer history?
Lionel Andrés Messi Cuccitini
A website that ends in .gov would most likely have __________ information than a website that ends in .com.
More trustworthy
Charles wants to practice personal selling when selling his new brand of cellular devices. What could he do to achieve this? (Think about PERSONAL selling)
Charles could walk up to customers and ask them regarding what they want to see in a phone
Give an example of a sole proprietorship
Examples: plumber, writer, farmer, photographer
Break-even Point
The level of sales at which revenue equals expenses, resulting in no profit or loss.
How many languages can you learn on Duolingo?
43
What is often a benefit to a business of providing good customer service?
Greater profit, since the business can retain current customers which is less costly than finding new ones
What is the “call to action”, part of the advertisement?
The part the advertisement that encourages the consumer to act after its message has been delivered
What is a non-profit
A group is organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.
Price Skimming
A pricing strategy that involves setting prices higher than those of the competition
What is Mr Szpiech’s background?
Polish
What is often a benefit to a business of providing good customer service?
Greater profit, since the business can retain current customers which is less costly than finding new ones
What is the difference between advertising and promotion
Promotion is used to push short-term sales. Advertising is used to build brand image and increase sales. Promotion has short-term effects. Advertising has long-term effects.
hat is the difference between a non-profit and a not-for-profit
Nonprofits serve the public good and include charities and foundations, as educational, religious, and medical organizations. Not-for-profits serve their members, and all revenue helps run the organization.
Trade Bloc
A zone in which trading occurs without restrictions (e.g. European Union)