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Business Marketing Summary | Stellamae .D Flashcards | StudBud
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Business Marketing Summary | Stellamae .D
Business Marketing Summary | Stellamae .D
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Business Marketing Summative Summary of the course BMI-1
Flashcards
32 cards
F
Practice quiz
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Host live
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Questions
32
Answers
1
What Is The Most Important Trait For Teambuilding?
Communication
Trust
Respect
Collaboration
2
How does Ray Kroc's business approach in "The Founder" show his views on success?
He lets the McDonald brothers keep control and steps back from the business
He makes the best decisions for the McDonald brothers and their employees
He works with the McDonald brothers to ensure everyone succeeds equally
He focuses on growth and uses aggressive tactics, ignoring ethical concerns
3
What does A in SMART stand for?
Accurate
Affordable
Aligned
Achievable
4
How should team conflicts be handled?
Used as a chance to compete
Ignored until they disappear
Left to the team leader to resolve alone
Discussed openly with a focus on solutions
5
Is There 7 P's Of Marketing?
False
True
6
Introduce your product at a low price to gain market share quickly, then increase it once established
Marketing Pricing
Predator Pricing
Trend Pricing
Penetration Pricing
7
Set your price based on the perceived value of your product or service to the customer
Target Marketing
Market Pricing
Value-Based Pricing
Customer Pricing
8
What does S in SMART stand for?
Simple
Specific
Successful
Strategic
9
What Are Marketing Channels?
General Advertising Concepts
Non-Consumer-Facing Tools
Internal Company Activities
Pathways/Services To Reach Customers
10
What is the ideal target market for this product?
Me
Young Adults & Teenagers
Foodies
Everyone
11
In "The Internship," how do Billy and Nick approach their internship at Google?
They focus on competing against each other
They rely solely on their technical skills
They use their life experience to work well with their team
They try to outsmart everyone to win
12
What does T in SMART stand for?
Target
Tangible
Timely
Time-Bound
13
What Makes Up the Marketing Mix?
Company Culture
4 P's
All of the above
Internal Processes
14
What is the ideal target market for this product?
People who like to read stories
Smart Students
Aspiring Entrepreneurs
Nerds
15
Every individual in the population has an equal chance of being selected
Convenience Sampling
Stratified Sampling
Clustered Sampling
Simple Random Sampling
16
Selecting participants who are easiest to access
Stratified Sampling
Target Sampling
Convenience Sampling
Voluntary Response Sampling
17
What does R in SMART stand for?
Realistic
Responsive
Reliable
Relevant
18
Which isn't part of this group?
Response Bias
Voluntary Sampling
Sampling Bias
Non-Response Bias
19
What is the ideal target market for this product?
Rich People
Broke People
Casual Gamers
Brain rotted kids
20
Determine your costs and add a profit margin to set the final price
Penetration Pricing
Value-Based Pricing
Price Skimming
Cost-Plus Pricing
21
Start with a high price and gradually decrease it as demand decreases or the market becomes saturated
Market Pricing
Absorption Cost
Trend Pricing
Price Skimming
22
What’s essential for successful teamwork?
Having clear roles and communication
Limiting feedback from others
Everyone working independently
Focusing on individual goals
23
Which PLC Have We Learned?
Programmable Logic Controller
Product Life Cycle
Project Life Cycle
Public Limited Company
24
How does Bartleby Gaines feel about traditional education in "Accepted" ?
He thinks it's the best path for everyone
He believes it's broken and creates an alternative
He thinks everyone should attend prestigious universities
He only wants to make money.
25
What is a key factor in building trust within a team?
Relying only on individual effort
Keeping disagreements private
Having a clear hierarchy of authority
Frequent communication and reliability
26
What is the ideal target market for this product?
Children
Women
Teenagers
Men
27
Voluntary Sampling not part of the group because it's not a sample survey
True
False
28
What Are 3 Of The Common Pricing Strategies?
Not Testing, Evaluating Pricing, Blindly Following Trends
Random Pricing, Ignoring Costs, Emotional Pricing
Static Pricing, Undervalue Pricing, Guesswork
Penetration Skimming, Value-Based Pricing, Price Skimming
29
What makes a team most effective?
Avoiding new ideas or risks
Everyone having the same idea
Relying only on the strongest members
Diverse perspectives and collaboration
30
Selecting participants at regular intervals from a sorted list.
Systematic Sampling
1 2 3s Sampling
Order Sampling
List Sampling
31
Establish your price by aligning it with what your competitors are charging
Predator Pricing
Enemy Pricing
Market Skimming
Competitive Pricing
32
What does M in SMART stand for?
Motivating
Manageable
Modern
Measurable
