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Marketing concepts and principles Flashcards | StudBud

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What is equilibrium?

What is break even?

Marketing concepts and principles

10 terms·StudBud Administration

#marketing

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Questions 10

Answers

1
What is break even?
when the revenue is less than the expense
when the revenue and the expense don't relate
when revenue equals the expense
when revenue is greater than the expense
2
What is equilibrium?
when the demand is greater than the supply
when the supply is greater than the demand
when the supply equals the demand
3
When is competition most likely to occur?
there is never competition
when companies have different target markets
when there is no target market
when companies share the same target market
4
Which is a stock rotation?
LIFO
MIFO
NIFO
FIFO
5
T or F: goods and services are the same
False
True
6
If a distributor goes to the consumer through a retailer it is a
indirect distributor
direct distributor
7
What is price modeling?
the way prices are set within a market
where the price is displayed
how the price is determined
how the prices are shown
8
Can supply and demand change the price of the product?
yes
no
9
Which stage is the worst in a business cycle?
peak
recovery
depression
prosperity
10
Which not a legal consideration?
monopolies
predatory pricing
bait and switch