Role of Government in Business
This government role includes enforcing minimum wage and food safety laws.
What is a regulator?
This type of economy allows businesses and individuals to make most economic decisions.
What is a market economy?
This financial document includes payment history on loans and credit cards.
What is a credit report?
This marketing function focuses on creating and improving products.
What is product management?
This term describes the group most likely to buy a product or service.
What is a target market?
This government role includes building highways, schools, and national defense systems.
What is a provider?
In this type of economy, the government decides prices and production.
What is a command economy?
Having a good one of these can help people qualify for loans and lower interest rates.
What is a credit score?
This marketing function involves collecting information about customers and competitors.
What is Marketing Information Management?
This type of customer behavior happens when someone keeps buying the same brand repeatedly.
What is brand loyalty?
This government role is shown when trade agreements are created with other countries.
What is a trade negotiator?
This type of economy often includes bartering and jobs passed down through families.
What is a traditional economy?
This type of bank account is most commonly used for debit card purchases and daily spending.
What is a checking account?
Social media ads and billboards are examples of this marketing function.
What is Promotion?
This type of market segmentation targets customers based on location.
What is geographic segmentation?
This government role is demonstrated when the Federal Reserve lowers interest rates to encourage borrowing.
What is economic manager?
This type of economy combines private businesses with some government regulation.
What is a mixed economy?
This type of pay is the amount left after taxes and deductions are removed.
What is net pay?
Helping customers before and after a purchase is this marketing function.
What is Customer Service?
This marketing strategy helps products stand out from competitors.
What is differentiation?
This government action can cause imported products to cost more money.
What is a tariff?
This country is commonly used as an example of a command economy.
North Korea
The money removed from a pay check, such as taxes and insurance, are called these.
What are deductions?
This marketing function focuses on getting products to stores and customers.
What is Distribution?
This phrase in advertising encourages customers to act immediately.
What is a Call to Action (CTA)?