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DECA Quiz
DECA Quiz
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DECA
Flashcards
12 cards
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Questions
12
Answers
1
Which of the following is not a major component of marketing utility?
Time
Money
Posession
Place
2
What form of business ownership consists of two or more individuals who own and operate a firm?
Sole Proprietorship
Franchise
Partnership
Corporation
3
In what case is a business separate/distinct from its owners, allowing for limited liability?
Corporation
Sole Proprietorship
Partnership
Franchise
4
Which of the following statements is true?
Cost = Retail Price
Cost + Markup = Retail Price
Cost = Markup
Cost - Markup = Retail Price
5
What are the 4 P's of the marketing mix?
Product, Production, Placement, Price
There are 5 P's, not 4
Product, Price, Place, Promotion
Product, Place, Price, Position
6
What is the order of the four stages of the product life cycle?
Introduction, Decline, Growth, Maturity
Introduction, Decline, Maturity, Growth
Introduction, Maturity, Growth, Decline
Introduction, Growth, Maturity, Decline
7
What are the four types of economic resources?
Land, Labour, Money, Capital
Land, Labour, Capital, Entrepreneurship
Land, Labour, Goods, Capital
Land, Goods, Capital, Money
8
Which of the following is a direct channel of distribution?
Wal-Mart
expedia.ca
ikea.com
Costco
9
What form of business ownership allows for a company to expand into other geographical areas?
Sole Proprietorship
Corporation
Franchise
Partnership
10
What type of economy is prevalent in the US?
Free Enterprise
Command
Democratic Socialist
Communist
11
One individual owns and operates a business and is responsible personally for all debts.
Corporation
Sole Proprietorship
Partnership
Franchise
12
In what order does the economic business cycle occur?
Recession, Depression, Prosperity, Recovery
Recession, Prosperity, Depression, Recovery
Recession, Depression, Recovery, Prosperity
Recovery, Depression, Recession, Prosperity
