Duplicate of Mid-year Exam_SOPH_2016.2017 part 3

The percentage of total sales in a market that is held by one business

A Full-time Salaried employee with hourly rate of $20 would earn $640 if they worked 32 hours

All of the tools and machinery used to produce goods or provide services is

A business owned by one person

Dynamic activities that identify,anticipate,and satisfy customer demand while making a profit

A business that performs an activity for a fee

Which of the following is not a reason for limiting store access?

Which of the following is a form of publicity?

Wages paid to employees are known as

Rent is an example of a fixed expense

The money owed to a business by its customer is known as

The specific group of customers whose needs a company will focus on satisfying is

Internet access provided by the company can be used for business and personal purposes

Value added when it becomes easier for a customer to acquire a product.

An accident management program should consist of

The process of dividing a larger market into smaller groups is

The main federal agency that enforces advertising laws and regulations is

If an action is legal,it is always ethical

Which is not an example of a sales promotion?

The amount of work a person can do in a specific amount of time is

The principles of right and wrong that guide an individual in making decisions

A person who buys products or services and also uses them is a

An expense that changes monthly is known a

The business market of businesses selling primarily to other businesses.

Economic input is all the goods and services produced by an economic system during a specific time.