Enterprise I Assessment Review

In Socialist economies you generally have low taxes.

Getting the product to where it needs to be involves which marketing mix element

Which answer is the best example of a service

Firehouse Subs is an example of a franchise.

The quantity supplied increases as price falls.

The opposite of Capitalism would be Socialist economy.

Conducting a focus group is an example of secondary data.

The United States has consistently experienced balance of trade surpluses the past 30 years.

Inter. trade stimulates competition & encourages innovation & creativity for new products.

Apple would be considered in the growth stage of the product life cycle.

The quantity demanded increase as price rises.

A _____ is any activity that provides goods and services in an effort to earn a profit.

The U.S. has a comparative advantage versus most countries in the production of electronics.

Which industry would be the best example of oligopolistic competition.

Monetary policy is very politically motivated.

Communism economic and political system/strong government owns/controls almost all enterprises.

Which industry would be the best example of pure competition.

Business transactions that occur online are examples of I-commerce.

MyWays accepts all major credit cards & financial options they are making effort to provide ___

Asking customers for their zip code when they checkout is an example of

Food Club products at the grocery store would be considered name brand products.

The FDIC insures deposits up to $300,000.

We currently have a trade embargo with Canada.

An ethical dilemma is a situation in which there is a single choice that is obviously correct.

Due to technological change, pagers and videocassettes are phasing out. This is the _____ stage

Which industries operates under a market structure of monopolistic competition?

_____ satisfies customers’ wants and needs by providing goods/services at a convenient moment.

When total value of imports is higher than the total value of exports, there's a trade surplus.

Ethics and social responsibility are two different terms that mean the same thing.

Ownership utility satisfies wants by providing goods/services convenient place for customers.