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ASP “Marketing, Business, and Economy” Vocabulary Quiz Flashcards | StudBud
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ASP “Marketing, Business, and Economy” Vocabulary Quiz
ASP “Marketing, Business, and Economy” Vocabulary Quiz
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Advertising and Sales Promotion “Marketing, Business, and Economy” vocabulary quiz
Flashcards
12 cards
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Questions
12
Answers
1
All the things used in producing goods and services.
resources
intangibles
consumables
tangibles
2
GNP is the acronym for
Green Natural Produce
Generalized Nominal Pricing
Gross National Product
Get New Prices
3
Output per worker hour that is measured over a defined period of time.
employment initiative
economic progress
productivity
sustainability
4
Specific group of people a marketing campaign is aimed at
customer mix
labor force
critics
target audience
5
The output of goods and services produced by labor and property located within a country.
GEP
GRP
GDP
GNP
6
The total dollar value of goods and services produced by a nation.
GRP
GEP
GDP
GNP
7
Economy with government-free involvement in economic decisions
command
national
traditional
market
8
Economy with prolific government involvement in economic, production, & distribution decisions
traditional
market
command
national
9
The organized way a nation provides for the needs and wants of its people
welfare
economy
manufacturing
management
10
GDP is an acronym for
General Daily Product
Greatly Dominant Product
Gross Domestic Product
Green-Designed Product
11
Not included in the "factors of production" categories
entrepreneurship
land and labor
capital
refund policies
12
Perception by consumers that a product provides satisfaction beyond the cost incurred f/brand
value
quality
critique
brand recognition
