The 4 Ps
The P that explains where you are selling
Place
The opposite of a need is a ...
Want
How many main functions of a business are there?
Four
This type of business typically has 2-4 people as the owners
partnership
The 4 Ps—Product, Price, Place, and Promotion—are commonly referred to by this name in marketing.
the marketing mix
The P that explains what you are selling
Product
Need
An accountant would be part of what function?
Finance
This type of business does not have an official store or building.
Home Based Business
This type of advertising involves using social media influencers to promote a product or service to their followers.
influencer marketing
The P that explains how you tell people what you are selling
A comfy chair for your desk could be considered both a want and a __________
Good
A person who is in charge of other employees would be what function of a business?
Management
This type of business only has 1 owner
Sole Proprietorship
This is the money a company earns from selling its products or services.
Revenue / Sales
The part of the marketing mix that doesn't start with a P
Target Market / Audience
Identify a service that is a want
Correct!!
Someone who makes Tiktoks for a business would be what function of a business?
Marketing
This type of business has a parent company where other people can buy the rights to open their own location
franchise
What is the course code for this class?
BMX3E
The P that explains how much you are selling your product for
Price
What is another name for a business?
Firm, Company, Organization, Corporation, Enterprise
Making cars at the Ford factory is part of what function of a business?
Production
This type of business is not trying to make money
Non-profit
What are the names of all 3 teachers in the room?
Ms. Pare
Mrs. Mcginty
Mrs. Ralston