"On a scale of 1-10, how often would you eat potato chips?" is an example of what type of question?
What is Rating
100
Land, Labor, Capital, and Entrepreneurship.
What is 4 Factors of Production?
100
Refer to statistics that describe a population in terms of personal characteristics such as: a persons age, gender, income, marital status, ethnic, education, and occupation.
What is Demographics
100
The amount a business makes when total revenue exceeds total expenses.
What is Profit?
100
The owner is the only one responsible for the business's activities.
What is Sole Proprietorship?
200
Type of research can gather information about a package or label.
What is Product Research
200
Traditions and rituals that answer basic questions of what, how, and for whom.
What is Traditional Economy?
200
The process of planning, pricing, promoting, selling, and distributing products to satisfy customers needs and wants.
What is Marketing?
200
Amount of money that a business earns in a given period
What is Revenue?
200
More than one person shares the business decisions and outcomes.
What is Partnership?
300
The process and methods used to gather information, analyzing it, and report findings related to marketing goods & services.
What is Marketing Research?
300
An economic system in which the government decides what, when, and how much will be produced and distributed.
What is Command Economy?
300
Businesses should satisfy customers needs and wants while making a profit.
What is Marketing Concept?
300
Money that is owed.
What is Debt?
300
Created by federal, state, and local governments such as incorporated cities, schools, transit, and sanitation districts.
What is Public Corporations?
400
Type of research is typically done by an interview or focus group.
What is Attitude Research
400
The output of goods and services produced by labor and property located within a nation
What is GDP
400
A company's percentage of total sales volume generated by all competition in a given market.
What is Market Share?
400
The cost of using money provided by a loan, credit card, or line of credit, usually expressed as a percentage over a period of time.
What is Interest rate?
400
Guidelines for good behavior.
What is Ethics?
500
Focuses on smaller number of people but gets more in-depth information, focuses on "why or "how".
What is Qualitative Research
500
Expansion, peak, recession, trough.
What is Business Cycle?
500
Money left after subtracting costs for living necessities.
What is Discretionary Income?
500
Anything of monetary value that you own, such as cash, checking, savings account, real estate, or stocks.
What is Asset?
500
Production and procurement, Accounts and finance, Management and Administrations, and Marketing