Exploring Business and Marketing Test Review

As long as you are right, it doesn't matter how you treat your customers or business associates

Items that people can use to make or obtain what they need or want

A business owned by two or more people who share its risks and rewards is called a___

The amount or quantity of goods & services that consumers are willing to buy at various prices

Leadership, decision making, self discipline, planning, & people skills are critical traits for

Tasks that business perform for customers

Physical Products are called ____

What is the Marketing Mix?

What does"1 yr target est" mean?

A plan specifying how money will be issued or spent during a particular period

What does "52wkRange" mean?

Income from a sole proprietorship is _____.

What is the gathering and analysis of information for products and services called?

Facts about the population, including age, gender, location, and income

When demand for a product or service goes up, price goes down

What is the formula for the "Rule of 72"?

When supply of a product goes up, price for that product goes down

_____ are the people who make goods and services for which they are paid

Study of how individuals & groups of ppl strive to satisfy their wants & needs through choices

Marketing that helps companies focus on the people most likely to buy their goods or services

What does "Change" mean?

Being an entrepreneur is easy and does not require planning or anything special

When consumers buy products out of a logical process: comparing prices, information and reviews

The possibility of loss or injury

A person who organizes, manages, and assumes the risks of starting and operating a business

The easiest way to organize a business is as a _____.

A phrase which means the stock market is going up

Different forms for promoting your ideas or products to consumers; magazines, newspapers, TVetc

Which of the following characteristics would a successful entrepreneur possess?

What does "Vol" or "Volume"mean?

A company that is registered by a state and operates apart from its owners is called a___

If one of your goals is to limit your personal liability, it would be BEST to organize as a:

Mathematical formula for figuring out how long your investment will take to double in value

Raw materials from nature that are used to produce goods are called

A licensed specialist who helps investors buy and sell stocks and bonds

What is a "Ticker Symbol"?

An IOU that a company or government sells when it borrows money.

It is good to use all caps when writing a business e-mail

Consumers buy products because they feel a sense of loyalty to the company, store, or brand

Part of the profits of a corporation that each shareholder receives