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Marketing Management EOPA Practice I Flashcards | StudBud
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Marketing Management EOPA Practice I
Marketing Management EOPA Practice I
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Economics Focus
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
In economics, the decision to purchase raw materials and make it into an item to sell is
How to produce
What to produce
For whom to produce
When to produce
2
As prices for a product increase
Supply increase and demand decreases
Supply increases and demand increases
Supply decreases and demand increases
Supply decreases and demand decreases
3
The dictator of China, makes the decisions that affect jobs & living conditions. This is closer
To traditionalist
To command
To market
To mixed
4
Changing old wood into a tree house for kids is an example of
Possession utility
Information utility
Time utility
Form utility
5
As a small business owner, your productivity goal would be for productivity to
Stay the same
Decrease
Increase and decrease
Increase
6
Economics is the study of how a nation uses its resources. The resources, includes
Money, factories, tools, and labor
Machines and workers
Land, labor, capital, and entrepreneurship
Businesses and consumers
7
Which of the following is most related to the marketing concept?
Increase sales
Make a profit
Gain market share
Satisfy customers
8
Which intermediary obtains goods in order to sell them directly to consumers?
Club
Retailer
Wholesaler
Agent
9
A direct competitor or Kroger Supermarkets would be
Publix
Target
WalGreen's
Wal-Mart
10
Demand is the quantity of goods and services that
Producers need to manafucture
Consumers want to purchase
Producers are willing and able to manufacture
Consumers are willing and able to purchase
