The supply curve starts where and ends where and slopes which way?

Starts in the lower left & ends upper right - slopes upward

The demand curve starts where, ends where, and slopes which way?

Starts upper left ends lower right slopes downward

What happens to the demand for snakes when there is a rat or mice pests problem?

Demand rises - new curve shifted right

What is a SWOT analysis?

Strengths, Weaknesses, Opportunities, Threats

Marketing segmentation is the act of

breaking down a mass market into groups that behave alike

What is a position graph? What does it measure? How is it used?

Marketers measure perception & use this to do a market plan

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Supply & Demand

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Marketing & Sports Marketing

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Questions 10

Answers

1
The supply curve starts where and ends where and slopes which way?
supply what?
Starts in the lower left & ends upper right - slopes upward
starts in upper right & ends in lower left slopes down
it is a straight vertical line
2
Why do professional athletes make so much more than school teachers?
Laws of Supply & Demand
Substitutes
Sponsors
We live in a morally bankrupt society.
3
Generally, when the price of an item falls, what happens to the demand for that product?
An increase in demand
People substitute other goods
demand falls
demand falls as well
4
The demand curve starts where, ends where, and slopes which way?
demand what
starts lower left ends upper right slopes upward
Starts upper left ends lower right slopes downward
starts and stays vertical - straight up and down
5
What happens to the demand for snakes when there is a rat or mice pests problem?
Demand falls
the point of demand moves along the curve- no new curve
Demand stays the same
Demand rises - new curve shifted right
6
The equilibrium point is the point where .....
supply and demand curves cross
There is a surplus, top of supply curve
everyone is happy
supply is a shortage
7
What is a SWOT analysis?
Position graph
The Swat team - Police
Strengths, Wisdoms, Opportunities, Thoughts,
Strengths, Weaknesses, Opportunities, Threats
8
What happens to the supply of goods that producers are willing to produce when prices fall?
Firms supply more
Firms supply less
Supply is constant
Diminishing marginal utility
9
Marketing segmentation is the act of
breaking down a mass market into groups that behave alike
measuring the marketing mix or 4p's
slicing up the pie chart of market share
marketing to the masses
10
What is a position graph? What does it measure? How is it used?
It is better than survey marketing research
Marketers measure perception & use this to do a market plan
It is a visual tool to have fun
a graph that looks at profits and losses

Supply & Demand Flashcards | StudBud