Aspects of a Business
The roadmap of where the business is going
What is a business plan
Which of the 4 Ps relates to packaging
What is product
what is the main component of globalization
What is foreign trade
The first stage of the business cycle
What is prosperity
Land is synonymous with which type of economic resources
What is natural resources
Describes strategies for branding, packaging, advertising and promoting the business and its products
What is a marketing plan
Which of the 4 Ps would include offering credit arrangements
What is promotion
The United States operates under which type of economy
What is a mixed economy
True or False, Microeconomics is the study of the economy as a whole
What is False
Discusses the business's product and services
What is proposed product
Serve as the detailed outline of the company and convinces the audience to read the rest of the business plan
What is a executive summary
What is sometimes referred to as the “fifth P”
What is people
Developed countries have a high level of
What is infrastructure
The good or service you give up when you choose another good or service is known as
What is opportunity cost
The marketing mix should relate directly to who
What is the company's target market
Describes the business type, the products offered and the philosophy of the business?
What is a business description
Which of the 4 Ps relates to warehouse inventory
What is place
What term describes the amount of goods and services produced by a country each year
What is GDP (Gross domestic product)
The point at which supply equals demand is known as
What is equilibrium
Defines the key management decisions needed to be successful in marketing
What is the marketing mix
Includes a list of the sources of capital and the projected income and expenses of the business?
What is a financial plan
Which of the 4 Ps relates to packaging
What is product
Communism is based on
What is economic equality
Which stage of the business cycle occurs when a business begins to bounce back from a depression
What is recovery
Fascism is based on which of the following
What is idealistic goals