Marketing 101

The difference in value between exports and imports of a nation is called its balance of trade

How much dirt is there in a hole that measures two feet by three feet by four feet?

Which economic utility increased when fast food restaurants began accepting credit cards?

Which economy would best describe that of the U.S.?

During the Persian Gulf War, the US banned all exports to Iran. What is a term for this ban?

Businesses can use database technology to provide products to a specified target market

If you were running a race and you passed the person in 2nd place, what place would you be in?

What word in the English language is always spelled incorrectly?

People who share similar needs and wants and who can purchase your products are called a market

According to the text, the place is the means of getting the product into the consumer's hands

In a market economy, who decides whether a business will survive or fail?

Which of the following utilities is not directly related to marketing?

The owner of a miniature golf business provides her customers with

A marketing mix is a formal written document which directs activity for a specific time

"Buy one get one free." This is an example of distribution.

A Nation experiences a trade surplus when it exports more than it imports

In a market economy, who decides how products are produced?

A country's infrastructure includes its sewers, highways, and phone lines.

Which of the following purchases would most likely be made with discretionary income?

As a factor of production, the term labor refers to both skilled and unskilled workers

How much wood could a woodchuck chuck, if a woodchuck could chuck wood?

Global Marketing strategies include which of the following?

Resource Scarcity forces nations to make economic choices

In economic terms, land, labor, and capital refers to...

Before Mt. Everest was discovered, what was the highest mountain in the world?