stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Interior Design II Unit 1-3 Flashcards | StudBud
Explore
/
Interior Design II Unit 1-3
Interior Design II Unit 1-3
21 terms
·
StudBud Administration
·
231 plays
Unit 3 of Interior Design II NC
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
Lamp company sells lamps at 20% markup what is this pricing strategy?
one price policy
discount pricing
demand based pricing
flexible price policy
2
Grant makes decisions that only satisfy the problem for the moment. What is this?
nominal approach
brainstorming
rational approach
seat of the pants
3
what should not be included on a business card?
home address of employee
logo
phone, cell, and fax
name of business
4
Which is not a factor affecting price?
economics
competition
cost and expense
power oriented
5
What is and advantage of a franchise?
fees for advertising
Government regulations
Several investors
Established national name
6
Don is taking over a family business what should he NOT ask himself?
Do I have enough resources from the ground up?
Does my family have the same goals?
Do I get along with my family?
Can I leave business problems at work ?
7
Prices ending in odd numbers are perceived as bargains
Odd Pricing
Random Pricing
Prestige Pricing
Even Pricing
8
Three types of planning are?
strategic, tactical, measurable
strategic operational, attainable
strategic , plans and operational
strategic, tactical, operational
9
Which is NOT a way to acquire a business?
work long hours
start a business
take over family business
buy an existing business
10
A high price to create a feeling of superiority of the product
Prestige Pricing
Promotional Pricing
Odd/Even Pricing
Price Lining
11
The amount a customer is willing to pay for a product or service
Cash
Purpose
Demand
Price
12
which is not a skill used by most managers on any business day?
forecasting
human relations
time management
communication
13
business cards are not??
single or double spaced
25 words or less
black and white or color
3.5" x 2"
14
If Mrs Shuffler was a color. She would be:
orange
yellow
blue
pink
15
Which is not a skill necessary to operate a business on a daily basis?
setting goals for the business and employees
reading articles about entrepreneurs
writing business communication
bookkeeping and accounting
16
Mary controls 50% of a business& Sherry controls the other 50. What type of business is this?
sole proprietorship
restuarant
corporation
partnership
17
How do you calculate retail price of a product?
cost + %= retail price
cost + business expenses = retail price
cost + markup = retail price
cost + profit = retail price
18
Pricing that is determined by considering what competitors charge for a good or service
Demand-Based Pricing
Competition Based Pricing
Competition Bottom Price
Cost-Based Pricing
19
Certain prices have an impact on how customers perceive a product
Random Pricing
Psychological Pricing
Strategic Pricing
Aligned Pricing
20
what does a business not consider when planning pricing strategy?
large corporations
cost and expenses
economy
competition
21
What is a disadvantage of a corporation?
ease in raising capital
limited liability
ownership easily transferred
many government regulations
