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Chapter 3 Marketing Review Flashcards | StudBud
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Chapter 3 Marketing Review
Chapter 3 Marketing Review
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#business #marketing
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
Identify Utility
Information
Time
Form
Place
2
Name the following function of Money Blacked out in the picture?
Time Value of Money
Production
Medium of Exchange
Barter
3
A group of businesses that produce similar goods or services
Commerical
Business-to-Business
Industry
Consumer Market
4
A. _ is a legally binding agreement.
direct message
tweet
contract
snapchat
5
The exchange of one good or service for another good or service is called?
Wages
Barter
Money
Finance
6
Is added when it becomes easier for a customer to acquire a product.
Time
Possession
Place
Information
7
Means enhancing a feature or service to inspire a customer to purchase.
Place
Adding Value
Utility
Commercial
8
An _ is a group of businesses that produce similar goods or services.
Commercial Market
Business
Corporation
Indusry
9
The end user of the the product of service?
Consumer
Purchaser
Employee
Customer
10
What is a main factor that determines the difference between types of business ownership?
Liability
Partnership
Wages
Management
11
____ is the primary goal of a for-profit corporation.
Making a profit for its owners
Risking start-up capital
Serving a public good
Having a good time
12
Identify Utility
Form
Possession
Information
Place
13
Which of the following is not a function of Business?
Marketing
Production
Managment
Advertising
14
A business relationship between two or more people who join to create a business is called/
Corporation
Non-Profit
Sole Proprietorship
Partnership
