The business cycle includes:

Inflation, Recession, Depression, Recovery, Prosperity

The 4 Ps of Marketing include...

Place, product, price, promotion

Goods and services sold to other countries

A balance sheet includes:

Assets, Liabilities and Owner’s Equity

Channel of Distribution means

The path a product takes from producer to consumer

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DECA Business Terms

15 termsStudBud Administration227 plays

North Park DECA - Nov. 16 2016

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Questions 15

Answers

1
Utility is a marketing term and includes Form, Information, Place, Time and Possession
True
False
2
Ethics are important in business.
True
False
3
Demographics include all but:
Products
Age
Income
Gender
4
Capital can also mean:
Money
Credit
Liability
Debit
5
A “Brand” identifies a business and its products and includes all of the following except:
A colour
A symbol
A name
A design
6
The business cycle includes:
Inflation, Supply, Recession, Prosperity, Depression
Inflation, Recession, Equilibrium, Depression, Prosperity
Recession, Depression, Recovery, Prosperity, Maturity
Inflation, Recession, Depression, Recovery, Prosperity
7
The 4 Ps of Marketing include...
Place, product, price, promotion
Product, package, price, promotion
Price, performance, place, promotion
Promotion, presence, place, product
8
Supply, demand and equilibrium are economic terms.
True
False
9
Exports are:
Goods and services sold to other countries
Goods and services bought from other countries
Goods and services traded with other countries
Have nothing to do with goods and services
10
Body language is part of communicating with others.Which of the following is not body language:
Gestures
Eye Contact
Speaking
Posture
11
A balance sheet includes:
Assets, Liabilities and Owner’s Equity
Liabilities, Assets and Allowance
Owner’s Equity, Liabilities and Revenues
Assets, ROI and Owner’s Equity
12
Channel of Distribution means
The path a product takes from producer to consumer
Statistical analysis of sales
Demand of customers
Different career paths
13
COD means:
Cash on Demand
Cash on delivery
Cash over Debit
Call of Duty
14
Discretionary income is the same as disposable income
False
True
15
A break-even point is the point at which:
Sales revenues equal cost
Supply and demand intersect
Sales revenues are greater than cost
Sales revenues are less than cost

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