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Marketing Management End OF Pathway Review of Concepts Flashcards | StudBud
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Marketing Management End OF Pathway Review of Concepts
Marketing Management End OF Pathway Review of Concepts
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Questions
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Answers
1
Which of the following is effective motivation according to management theory
Regular increases in pay
Meaningful Work
Performance Evaluations
Bring your children to work
2
The most common form of business ownership in the United States is________.
Limited Liability Corporation
Corporation
Sole Proprietorship
Partnership
3
What is the term that is used to determine the profitability of a product that is another goal of pricing?
Market Share
Cost-Benefit Analysis
Return on Investment
Competition
4
Obtaining the money needed to start and operate a business is a marketing function known as......
Financing
Capitalizing
Funding
Banking
5
Which economic utility increased when Jerry’s 24-Hour Diner recently began accepting credit cards?
Form utility
Time Utility
Possession utility
Information utility
6
The price at which both buyers and sellers agree is known as ______.
Derived Demand
Scarcity
Opportunity Cost
Market Clearing price or equilibrium
7
Economics is the study of how a nation uses its resources. The resources or factors of production in an economy include
Businesses and consumers
Machines and Workers
Money, Factories, Tools, Labor
Land, Labor, Capital and Entrepreneurship
8
When a company has a chance of losing money, this is an example of which of the following:
Risk
Competition
Productivity
Monopoly
9
People in this category are looking for the highest prices because their motive is to make the most profit.
Buyer’s Market
Government
Market
Seller’s Market
10
Which type of economic system occurs when both the government and individuals own factors of production?
Mixed
Traditional
Command
Market
