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Deca Buying and Merchandising Test Flashcards | StudBud
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Deca Buying and Merchandising Test
Deca Buying and Merchandising Test
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Answers
1
Which of the following is an examples of external data?
Retail ¨loyalty¨ card
Article written by an industry expert
Sales report
A profit and loss statement
2
What is one way that many large businesses decentralize their purchasing operations?
Dividing the country into districts
Warehousing items until needed
Organizing Departments into one
Requisitioning sufficient quantities
3
Which of the following factors has the greatest effect on a consumers buying behavior?
Individual influences
Social influences
Situational influences
Cultural influences
4
Ultimate goal of economic activity is
distribution
production
consumption
exchange
5
One good way to raise your self esteem when its dropped is to;
Withdraw from activities for while
Discuss your feelings with some one you trust
Reanalyze all your past mistakes
Keep your feelings to your self
6
Why do businesses use a budget to estimate income
To plan purchases
To increase shrinkage
To develop services
To increase losses
7
Which of the following is an example of a business being flexible with its pricing?
Offering coupons to reduce prices
Charging same price all the time.
Raising prices on high quality products.
Lowering prices during bad economic times
8
Valuing diversity means
minimizing differences
ignoring differences
acknowledging differences as assets
acknowledging differences as problems
9
Which of the following is not a concept related to the time value of money
Scarcity
Opportunity Cost
Interest rates
Future Value
10
Liscensing of some businesses protects consumers from
Products recalls
Government Inquires
Lawsuits
Unqualified business operators
11
Which of the following characteristics is included in demographic segmentation?
Location
Personality
Lifestyle
Income
12
Getting a good recommendation as an honest employee is most likely to help a worker to;
Work without supervision
Select career goals
Learn technical skills
Make a job change
13
Leadership styles can be classified according to the leaders
Educational background
Income level
Control over employees
Work experience
14
How do promotion activities benefit the consumer?
Increase Number of Products available
Ensure Economic Growth
They Provide a Higher Standard of Living
They Generate Profits
15
Which of the following is an advantage to using an online brokerage firm
24-hour account access
Additional financial products and services
High commissions
Personal guidance from a live broker
16
Which of the following intermediaries never actually owns a product, but promotes and sells
Wholesalers
Agents
Retailers
Industrial Users
17
Listeners can support and encourage a speaker by;
glancing at the clock
Looking around the room
Maintaining eye contact
Closing their eyes
18
When facing change, you should always try to see the (_____) Involved
Side effects
Drawbacks
Benefits
Short comings
19
Which of the following is NOT a concept related to time value of money
Future value
Interest rates
Scarcity
Opportunity cost
