Introduction to Business Pre-test

The four P's of marketing include produce, price, place, and purchse

A code of ethics is a document that dictates how business should be conducted.

Education for people who have already completed formal schooling and training is called ____

The ____ is the location, physical conditions and atmosphere in which employees work.

________ skills are gained through work experience and education or training.

What is the marketing mix?

Planning and managing the flow of goods, services and people to a destination is ____.

For-profit businesses exist to serve some public purpose.

The five functions of managment are planning, organizing, staffing, leading, and controlling.

The buying and selling of goods and services across national borders is called ______

An entrepreneur is a person who starts a new business or purchases an existing business?

A contract is a legally binding contract among people or businesses involved.

Elements of the communication process are sender, message, channel, receiver, translation, and _____

A product mix is the total number of product lines a company offeres.

Financial management is a process used to manage the financial resources of a business.

A franchise is the right to sell a company's goods or services in a specific area.

Businesses that create goods and services are producers.

Human resources are the employees who work for a business.

The individual that owns and operates a proprietorship is a(n) ____

The movement of money into and out of a business is ____

A ____ is a picture, design or graphic image that represents a brand.

Skills that help people communicate and work well with each other are ______

____ segmentation divides the market of potential customers by their personal characteristics.

The _____ price is the actual price a customer pays for a product.