Employability Skills
Can be defined as “working with a diverse group of people to reach a common goal.
What is teamwork?
Marketing is .....
What is the process of developing, promoting and distributing products?
Marketing a product that appeals to everyone.
What is mass marketing?
A free enterprise system encourage individuals to ____________.
What is own and operate their own businesses?
The most common form of business ownership and the easiest to start.
What is a sole proprietorship?
Meeting new and different people to make connections in your field of study.
What is networking?
This should be considered when identifying a market
Who are all potential customers that may purchase a product or service?
In order to market a product successfully every company should ______________________.
What is understand what people want and need to buy.
The organized way a nation provides for the needs and wants of its people.
What is the economy?
When developing new toys, Mattel Inc. creates a room for observing children playing with toy prototypes. Which form of marketing research is this?
What is primary research?
This should change depending on the job one applies for.
What is a resume?
All potential customers who share common needs and wants and who have the ability and willingness to buy a product.
What is a target market?
Nike has control of 55% of the athletic sports apparel market. Their percentage of the market called ________.
What is market share?
The difference between wants and needs and available resources.
What is scarcity?
Total value of the goods and services produced by a nation over a specific period.
What is GDP (gross domestic product)?
After an interview, you should ____________.
What is send a thank you letter?
Businesses must satisfy the customer’s needs and wants with the right goods at the right time, at the right price, and at the right place.
What is the marketing mix?
The process of subdividing the market according to customer needs and characteristics.
What is market segmentation?
Branch of the government that has the greatest influence on business.
Who is the judicial branch?
A business owned by two or more people.
What is a partnership?
Before the job interview, you should research __________.
What is the company history?
Communicating with potential customers to inform, persuade, or remind them about a business’s product.
What is promotion?
Segmenting the market according to where people live.
What is demographics?
Factor of production that includes tools, equipment, buildings, and money.
What is capital?
A creditor’s analysis of the ability of an individual or business to repay a loan.
What is credit worthiness?