SEM Foundations Exam Review

Study of choices and decisions that affect making, distributing and using goods and services?

Sporting events and entertainment venues economically impact areas in which they operate.

Which of the following is a type of business ownership?

Which of the following protects property ownership and intellectual property rights?

The Olympic Games have a huge economic impact on a region before, during, and after the event.

The S&E industries are 2 of the most profitable industries in the United States.

Which of the following is part of the marketing process?

The economics of SEM have a great impact globally as well as locally.

Profit is what companies that own sports teams have after paying salaries of the players.

Before businesses identified TM to promote their products, this strategy was more common.

A product's design, name, and packaging has little influence on the success of that product.

Marketers rely on the GDP figures to plan their yearly budgets.

When businesses show this, they are contributing to the GDP.

Competition that is based on price follows the concept of this and available substitutes.

Which of the following is part of the marketing mix?

The foundation of SEM is:organized marketing plan with strategies thattarget specific consumers

To be profitable, businesses must focus their efforts on the customers’ needs and wants.

You are part of a target market if a organization has picked you as the aim of its mark. plan.

Organizations spend lots of money to learn about this.

This type of decision involves how the goods or services are communicated to the consumer.