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Entrepreneurship: Unit 3 Review Part II Flashcards | StudBud
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Entrepreneurship: Unit 3 Review Part II
Entrepreneurship: Unit 3 Review Part II
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Review of unit 3 Entrepreneurship; Chapters 12-13
Flashcards
29 cards
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Practice quiz
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Questions
29
Answers
1
Simple games of chance used in promotions are called__________.
incentives
giveaways
sweepstakes
premiums
2
The most effective types of online advertising include ________.
links
messages
graphics
headlines
3
3 ways forecasting after business is running are: surveys, operational analysis, and_________.
product strategy
data analysis
retailing trends
industry average
4
Businesses use_________to urge potential customers to buy from them instead of competitors.
institutional promotion
product promotion
marketing concepts
promotional mixes
5
Three basic budgets for sales activities: sales, administrative sales costs, and_______budgets
sales quota
sales expense
selling expense
operational
6
companies train their sales force to access customer databases through the use of ____________.
the media
the Internet
trade associations
e-mails
7
acts as intermediary between business and the media to communicate a message to target market.
trade association
advertising agency
chamber of commerce
industry
8
A________________is a fee for services rendered based on a percentage of an amount sold.
salary
premium
benefit
commission
9
_________is influencing potential customers to buy before contact is actually made.
Positioning
Targeting
Product strategy
Preselling
10
_____________is a systematic approach to developing new sales leads or customers.
Suggestion selling
Advertising
Product strategy
Prospecting
11
Any changes made to your promotion strategy should become a part of your new___________.
marketing plan
product strategy
sales force
marketing concept
12
A___________is a performance goal assigned to a salesperson for a specific period.
marketing tactic
sales quota
sale transaction
market share
13
A____________is an account of sales activities.
history
sales call report
blueprint
sales check
14
____________involves determining the goals of sales effort.
Sales planning
Prospecting
Personal selling
Suggestion selling
15
planning technique that analyzes a company's internal and external factors is called a________.
marketing plan
SWOT analysis
feasibility analysis
product strategy
16
A series of related promotional activities with a similar theme is called a/an_________
advertisement
•endorsement
campaign
marketing concept
17
Sales are classified into two groups: order getting and______________.
creative selling
advertising
order taking
preselling
18
To ensure that money is coming in as soon as your business is open, you need a__________
product strategy
model
marketing concept
preopening plan
19
A written record of a sales transaction is called a/an__________.
order form
credit receipt
sales check
cash receipt
20
A giveaway such as a pen is called a_______________.
prototype
model
premium
specialty item
21
Selling by direct communication with the prospect is known as_______________.
prospecting
personal selling
marketing
promotion
22
A/An_____________is a brief newsworthy story sent to the media.
interview
e-mail
pop-up ad
news release
23
____________is/are the most adaptable of all promotional elements.
E-mails
Personal selling
Incentives
Rebates
24
The standard used to compare costs for your promotional activities is called the__________
profile
retailing trend
industry average
•promotional mix
25
_________is an arrangement in which advertising costs are divided between two or more partners.
Trade association
Corporate venture
Joint venture
Cooperative advertising
26
currency & coins supplied for the cash register at the start of each day is called____________.
opening cash fund
fund exchange
sales transaction
•losing cash fund
27
A concern that a customer has for not making a purchase is called a a/an________.
action
incentive
suggestion
objection
28
A/An____________is a conscious, logical reason to make a purchase.
need
rational buying motive
emotional buying motive
sales motive
29
_________is the paid nonpersonal presentation of ideas, goods, or services.
Product strategy
Positioning
Advertising
Promotional mix