How often does the US conduct a population census AND why?
Every 10 years to determine demographic and geographic information about the population. (It's their own market research)
What is one advantage of advertising on social media compared to advertising on TV?
It's more affordable, easily measure its effectiveness, you can change it
Give me two companies and their slogans?
Answers vary.
What company is this?
Bank of America
What is a cover letter?
A letter you send with your resume to help describe why you are a good fit for a job?
Who would qualify as a target market for Philadelphia 76ers?
a) People who eat out 2+ times per week
b) People who live in the 215 area code
c) People with cars
d) People who drink Gatorade
b) People who live in the 215 area code
What are the three appeals that advertisers use?
Emotion, Logic, Trust/Credibility
When do companies write a press release?
To make an announcement of a new product, sale, employee, or other company change.
Name AT LEAST 2 components of a professional email?
Subject
Greeting
Body
Closing
Signature
You have 30 seconds to answer: what is 10% of $84?
$8.40
QUALITATIVE: Based on descriptions and observations. (WORDS)
QUANTITATIVE: Based on measurable numbers and statistics.
What is it called when a company pays for its product to be used or displayed in a show, movie, or broadcast?
Product Placement
Give me an example of a NEED and a WANT for a consumer?
NEEDS: Water, shelter, food
WANTS: Phone, car, sweatshirt
Los Angeles Angels
In which of the following countries would it be hardest to get a job?
a) Turkey: Unemployment rate of 3.5%
b) Ghana: Unemployment rate of 6.8%
c) Canada: Unemployment rate of 1.9%
d) Singapore: Unemployment rate of 9.5%
d) Singapore: Unemployment rate of 9.5%
What are at least 2 of the ways we find target markets?
Demographic, Geographic, Psychographic, Behavioral
Conduct a SWOT Analysis for SEPTA?
Many answers:
Strength: Affordable
Weakness: Convenience/Speed
Opportunity: Advertising revenue
Threat: Cars becoming more accessible
Provide an example of a company with a slogan, jingle, logo, and brand identity. Tell me about each.
Give me two examples of FIXED expenses and two examples of VARIABLE expenses?
How is a B2B Company different than a B2C?
Business-to-Business versus Business-to-Consumer
What is someone who is impacted by a business decision called? HINT: It's not a "BEEFDROPPER"
Stakeholder
What are the 4 P's and explain them to me using Apple as an example?
Product: iPhones, Airpods, Macbooks, Apple Music, etc.
Price: High end, expensive
Place: Apple Stores, Online, Tech Stores
Promotion: Commercials, Social Media, Product Placement, EVERYWHERE
Give me an example of a company performing corporate social responsibility
If the DEMAND for a pair of shoes increases, but the SUPPLY remains the same, what will happen to the COST?
Cost will increase.
Name at least 5 of the 7 dwarfs? (You have 45 seconds)
Doc, Sleepy, Dopey, Grumpy, Bashful, Sneezy, and Happy