Marketing - Mid-term Review Part 2

Fixed Costs are $7000 and unit cost is $5. How many can you make?

Consumer spending is extremely low during this phase of the economy.

Which is Not an example of Time Utility?

Which of the following is NOT the goal of a healthy economy?

A T-shirt maker is allowed to produce shirts with NFL logos on them is an example of what?

Which phase of the Business cycle is great for new businesses to start up & old ones to expand?

The picture can be protected by which of the following?

An economic slowdown when consumer spending begins to decline

A period of renewed economy.

Which economic system is characterized by private ownership of business and competition?

Coca-Cola's formula for Coke is an example of which of the following?

All are questions that nations must answer when deciding how to use its resources except?

If Mr. Smith comes up with an idea for a business & invests his money to make it successful.

Which Factor of Production involves all the people who work part-time & full-time in a nation?

All are ways that pricing decisions are determined by, except

Which of the following is Not 1 of the 4 Factors of Production?

Individuals who start their own businesses.

Which Factor of Production involves the money needed to start and operate a business?

Which of the following would protect your rights to an invention?

Which is an example of Form Utility?

You have $700 to spend. Each T-shirt costs $7. Thus, you can make 100 t-shirts. Unit cost is?

The difference between wants and needs and available resources is known as what?

A word, name, symbol, sound, or color that identifies a good or service.

Canada and Sweden are both examples of countries with what type of economic philosophy?

Recurring changes in the economy of expansion and contraction is known as what?

When there is a drop in PPI, it is generally followed by what?

Which would protect things authored by individuals such as writings, music & artwork?

Which type of economy is all the decisions based on rituals and cultural beliefs?

A Patent is good for how long?

North Korea and Cuba are examples of countries with what kind of economic systems?

Which nations pay the highest taxes?

A Copyright is good for how long?

A Trademark is good for how long?

What economic philosophy does the United States utilize?

What are the 4 P's of the Marketing Mix?

What is a consumer?

What is the Gross Domestic Product?

Which is Not an example of Place Utility?

Which is Not an example of Possession Utility?

Which is Not one of the ways that businesses can increase productivity?