DECA 1

Question 1

The three basic economic questions are : what to produce, how to produce it and

Accepted Answer

Who gets

Question 2

The most important part of a sales demonstration is to

Accepted Answer

Get it in the customers hand

Question 3

The ABC's of sales is

Accepted Answer

Always be closing

Question 4

The Sherman Antitrust Act protects

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Competition

Question 5

The four economic utilities are : form, place, time and

Accepted Answer

Possession

Question 6

Gross profit is...

Accepted Answer

Money before expenses

Question 7

When prices are high, supply is

Accepted Answer

High

Question 8

Asking, "How can I help you," is the

Accepted Answer

Worst approach

Question 9

Features.....

Accepted Answer

Tell

Question 10

Net profit is

Accepted Answer

Money made after taxes

Question 11

A capital good or service is

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Used in business

Question 12

Sales revenue is all the money brought into the business.

Accepted Answer

True

Question 13

Offering credit cards is an example of this utility

Accepted Answer

Possession

Question 14

An oligopoly is a market structure that

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Has a few large sellers selling most of the product

Question 15

The economic objective is to

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To get the most with the least

Question 16

A patent

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Is a legal monpoly

Question 17

The three limited resources are

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Land, labor, capital

Question 18

When prices are high, demand is

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Low

Question 19

Intensive distribution is when your strategy is to be

Accepted Answer

Everywhere

Question 20

Making something is an example of this utility

Accepted Answer

Form

Question 21

The basic profit formula is

Accepted Answer

Revenue - Expenses

Question 22

Benefits

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Sell

Question 23

A durable good is one that

Accepted Answer

Lasts longer than a year

Question 24

Selling is something you do...

Accepted Answer

For someone

Question 25

The marketing concept says to put the customer first.

Accepted Answer

True

Question 26

The free enterprise system

Accepted Answer

All of these are correct

Question 27

Extending mall hours during the month on December is an example of this utility

Accepted Answer

Time

Question 28

Utility is another word for

Accepted Answer

Usefulness

Question 29

The elements of the marketing mix are : product, place,

Accepted Answer

Price, promotion, people

Question 30

The most common indirect distribution channel is :

Accepted Answer

Producer-wholesaler-retailer-consumer

DECA 1

Questions 30

DECA 1

Questions 30