Good Product... High Sales

Question 1

Personal Finance inolves analyzing current financial position of individuals to formulate strategies for future needs

Accepted Answer

True

Question 2

What does price mean?

Accepted Answer

How much the company will sell the product for

Question 3

Quality control deals with testing to see if output meets established criteria

Accepted Answer

True

Question 4

A batch production executes every step in the manufacturing process concurrently

Accepted Answer

False

Question 5

What does marketing refers to?

Accepted Answer

Activities undertaken by a company to promote the product or service

Question 6

Factory configuration that features a series of manufacturing steps is a ____________?

Accepted Answer

production line

Question 7

A mass production involves moving a set of items through each steph together as a batch.

Accepted Answer

False

Question 8

___________ is a broad term that describes activities associated with banking

Accepted Answer

finance

Question 9

Qualitiy means that a product does not meet ites end useres' expectation

Accepted Answer

False

Question 10

Public Finance refers to the financial activities related to running a corporation

Accepted Answer

False

Question 11

What does place (from the Four Ps) means?

Accepted Answer

The distribution of the product

Question 12

The Four Ps of marketing are: product, price, place and planning

Accepted Answer

False

Question 13

Corporate finance includes tax, spending, budgeting, and debt issuance policies

Accepted Answer

False

Question 14

A sale is essentially a contract between __________ and ___________

Accepted Answer

buyer/seller

Question 15

What does product means?

Accepted Answer

The item or items the business plans to offer

Question 16

Quality imporvement process may cover just the product

Accepted Answer

False

Question 17

A ___________ is a transaction between two or more parties in wich the buyer recieves goods.

Accepted Answer

sale

Question 18

Many of the basic concepts in finance originate from micro and __________ theories

Accepted Answer

macroeconomic

Question 19

The 3 mains sub-categories of finance are: personal finance, corporate finance and public finance

Accepted Answer

True

Question 20

Marketing includes: advertising, selling and delivering products

Accepted Answer

True

Questions 20