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Entrep Semester 1 Review
Entrep Semester 1 Review
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entrepreneurship semester exam
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
ADIA refers to which process?
the distribution process
the selling process
the marketing process
the buying process
2
If a community has more money coming in than leaving it is said to have a
good community
positive economy
strong market
favorable economic base
3
Setting prices as odd numbers is a strategy that is supposed to suggest
a bargain
higher quality
low quality
a sale
4
Product, place, price, promotion and people make up the
promotion mix
marketing strategy
marketing mix
price strategy
5
When demand for a product is low and supply is high, your price should be set
odd
low
high
even
6
The quantity of goods & services that consumers are willing to buy is called
supply
target market
demand
outsourcing
7
When a business is looked upon as having a good reputation it's said to have what?
none of the above
prestige
success
goodwill
8
What is a major risk to entrepreneurship?
risking your investment
long hours
all of the above
uncertain income
9
How can new business owners find a potential site for their business?
by networking
all of the above
look in newspapers
go through a realtor
10
Hiring other companies to handle tasks that a business cannot handle itself is called
downsizing
outsourcing
cheating
outselling
11
Statistical data that describes a given market by certain criteria is called
potential customers
outsourcing
consumers
demographics
12
How can you make up revenue lost due to selling at low prices
sell more
sell less
decrease price
increase price
13
A binding legal agreement between 2 or more parties is called a
negotiation
contract
pinky swear
deal
14
A series of related promotional activities with a similar theme is called
publicity
a campaign
a promotion
media advertising
15
A floor plan that shows a business interior and exterior is called a
facade
trademark
franchise
layout