PBFM Final Review

Marketing is NOT used to...

Which economic activity measures the amount of money borrowed by the federal government?

A country is said to have a comparative advantage when it...

Personal selling is the most expensive type of promotion.

Which of these is NOT one of the 7 marketing functions?

Which of these is NOT a need?

Which research method prompts people to answer carefully planned sets of questions?

A business owned by a single person is called a...

Which of the following is an example of an absolute advantage?

An economy in which the resources are owned and controlled by the people is called a...

Price increases when...

The point where supply and demand meet is called...

The most common type of business ownership is the...

Market segmentation that focuses on age, gender, income, occupation and education of customers:

A manufacturer is a business that offers services rather than producing goods.

Which type of business entails limited liability for its owners?

Language, religion, customs and social relationships are all examples of a country's...

What is the average income for small business owners?

Unpaid promotional communication initiated by the media rather than a business is called...

Most "new" products are just slight modifications of existing products.

The United States is the world's #1 exporter.

Inflation is the value of a currency on one country compared with the value in another.

Any form of communication used to inform, persuade, or remind is called...

How many regulated stock markets/exchanges are there in the world?

The value of one country's currency compared to another's is called the...