What's Marketing?
Shoes, water bottles, and books are an example of these.
What are goods?
This type of "hands-on" economy has the government as the central authority controlling production and prices. Cuba is an example of this type of economy.
What is a command economy?
This type of commerce uses warehouse to stock more inventory than stores to save business money.
What is e-commerce?
If Mae and Cyris wanted to be equal partners in a business they would open this type of business where they shared responsibilities, decisions and profits.
What is a general partnership?
A new business motto is an example of this.
What is rebranding?
This is a set of activities done by an organization to satisfy it's customers and meet the company's profit goals.
What is marketing?
Considering the 5 components of marketing utility (form, place, possession and information), opening a boat shop right next to the beach is this type of utility.
What is place utility?
Economists have determined that the economy goes through this cycle every 6-10 years.
What is cycle of growth and decline?
A person who does work for another company or person s part of a larger job. ex: an electrician with his own business doing for a home building company.
What is a subcontractor?
Uniform Resource Locator in technology used for websites.
What is a URL?
Slim wanting to sell nets specifically to fisherman is an example of this marketing concept.
What is target marketing?
Money remaining when all other business expenses, including salaries, rent, and taxes, have been paid.
What is profit?
What are stages of the business cycle?
A type of business owned by one person where limited financial resources are one of the key risks.
What is a sole proprietorship?
Retailers use these to track a shopper's email address.
What is a cookie?
An economy where advertising and promotions to educate consumers (customers) about products are a marketing essential.
What is a free market economy?
This type of economic system best fits Maty's needs if she has the desire to move somewhere she can start her own photography business and use a bus, train or subway to get to work daily.
What is a mixed economy?
This analysis summarizes risks and rewards of a potential new business or expansion of a current business by looking at internal strengths and weaknesses of a business and external opportunities and threats.
What is a SWOT analysis?
This type of industry uses machinery and technology to transform raw materials into goods that can be used used by other businesses or consumers.
What is manufacturing?
An online bidding service such as ebay is an example of this.
What is an electronic storefront?
The four P's: Product, place, promotion and Price.
What are the four foundations of marketing?
Oil is an example of this type of capital.
What is land capital?
The power that consumers (customers) have in deciding how they spend their money.
What is consumer sovereignty?
This type of organizational structure is usually organized by product lines or geographic regions.
What divisional organizational structure?
3% is this as applied to good purchased at brick and mortar stores?
What is the return rate?