Marketing Unit 3 Business and Society

The price of a gallon of gas increases when oil _____ occur.

What is the purpose of most businesses?

Consumers' willingness and ability to buy a product

What occurs when the potential for earning increases?

The money-management function of business is called?

A company engages in ____competition when it offers a 10% storewide sale.

What federal agency would regulate chemicals that are improperly stored at a business?

consumers buying products that are lowest priced

When supply exceeds demand

The _is a nonprofit organization that helps produce public service advertising campaigns.

Which agency was established to protect consumers from unfair  businesses practices?

potential for loss of failure

sole control over a product or the means of producing it

What is the purpose of a licensing agreement?

The Bureau of Consumer Protection serves as a(n) ______When enforcing consumer protection laws.

amount of goods produces are willing to make and sell

Sales and rebates are examples of what strategy?

Residents of the United Staes can buy anything allowed by law because they have the freedom of 

military, social, and regulatory angencies

What is the term of the struggle between companies for customers?