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Mid Term Business Flashcards | StudBud
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Mid Term Business
What is national dept
Ethics are…
Mid Term Business
26 terms
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Flashcards
26 cards
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Questions
26
Answers
1
Ethics are…
Important to have in a workplace
Not a thing
Moral principles
Set of rules in the workplace
2
What is national dept
How much the government owes
How much another country owes you
The total amount of money the world owes
3
What is one of the steps needed in developing a new product
Demographics
Generate ideas
Market
Idea
4
How do people influence the economy
By paying too much for “wants”
We don’t
By not paying enough money
By changing and evolving products every day
5
What is marketing
The process of buying a good or service
Promoting your product to a specific group of people
Going to a market
6
What are qualifications
Quantities
Your past education skills and experience
Things that you hope to become
Qualities
7
How to companies advertising their product through mail
Direct mail
A text
Tv
Indirect mail
8
What are the four economic shifts in order
Recovery, prosperity, recession, depression
Prosperity, recovery, depression, recession
Growth, slow down, highest point, lowest point
Recovery, prosperity, depression, recession
9
When is the best time to market you product or service
Primary time
Time of Prime
Best time
Prime time
10
What is a set of rules and ethics in the workplace
Code
Ethics
Hammurabis code
Code of ethics
11
What is a career
A job
A long term job that checks all the boxes do your interest
Part time job
12
How is work changing
Switching to more online and virtual lifestyle
It’s not
Masks
13
What are the four factors of production
Resources used to buy or sell a product
Economic resources
All factors in production
An entrepreneur
14
What is social responsibility
Responsibility to pickup your laundry
To not lose sight of what is important over greed and unhealthy actions
Keeping society intact
Responsibility to buy goods
15
What are interests
What you like to do
Something you definitely don’t want to do
What you are thinking of doing when your grow up
Neither
16
Supply is…
Amount of people
Amount of goods sold
Amount of goods and services bought or sold
Amount of money
17
Name 2/4 elements in the marketing mix(click all that apply)
Pass
Partnership
Place
Product
18
Why is it important t have good body language
To show interest
To show you don’t care
Sike It’s not
19
What is one thing that will be on your resume
Your high school grades
Your high school basketball stats
Your childhood hero
20
What is step one in the decision making process
Evaluate your decision
Identify possible courses of action
Pros and cons
Identify the situation
21
What are the types of media business use to promote their product
iPhone 6
Books
Banner ads
Infomercial
22
What is one difference between wants and needs
Wants are essential needs aren’t
Needs are essential wants are not
Wants are essential wants aren’t
None
23
What’s deflation
Inflating a balloon
Increase in the price in goods
Decrease in price of goods
24
What are the three basic economic questions
What could we produce, what can we produce, how much can we produce
What do we sell, what do we buy, what is money
What Should we produce, how should it be produced, who should share
25
How much gel does Jake use
None
A lil bit
A solid gallon a day
26
What is a consumer
A person who buys goods
A person who sells goods
A cephalopod
All three
