stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
DECA Business Terms Flashcards | StudBud
Explore
/
DECA Business Terms
DECA Business Terms
25 terms
·
StudBud Administration
·
1,911 plays
DECA terms
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
The government controls all factors of production and makes all the economic decisions
Mixed economy
Traditional economy
Command economy
Market economy
2
Marketing
Limited legal monopoly granted to an individual or firm
The last step in the chain of commerce.
Mutually agreed upon fee accruing to an agent.
Promoting, selling, and distributing etc. products.
3
CRM stands for
car retail merchandising
consumer reaction monitoring
creative report marketing
customer relationship management
4
The capacity of a good or service to meet the demand of a consumer is known as...
Financial Function
Marketing Function
Operations Utility
Economic Utility
5
Which of the following is a good situation for data mining
Starbucks offers a buy one get one free promotion
Amazon suggests products to its cardholders by random
WalMart changes its supplier relationships
Blockbuster searches its rental history to recommend rentals
6
SWOT stands for
safety, work place, operations, training
sole proprietorship, wholesaler, oligopoly, trade
sales, worth, options, tax
strength, weaknesses, opportunities, threats
7
An agreement with a company to use their name and sell their products in a given area
Partnership
Co-operative
Sole Proprietorship
Franchise
8
A duel economy system is also known as...
traditional economy
command economy
market economy
mixed economy
9
Operating Budgets are...
used to determine the best product
change company policies
used to offer benefits to employees
used to organize a company's expenses
10
A tort is...
a required action
a safety precaution
a wrongful act
a success in quality management
11
A positive customer mindset involves...
Interrupting customers when they are speaking
Ignoring customers when they ask questions
Build a relationship with the customers
Referring customers to other stores
12
Balancing product inventory and pricing across distribution channels
Sales management
Product management
Distribution management
Channel management
13
The measure of the total output of goods and services that are produced by a country is called
Gross Service Production
Gross Export Index
Gross Domestic Product
Gross National Product
14
OSHA is...
Ontario Students in Hospitality Association
Occupational Safety & Health Administration
Online Strategies for Heath Appreciation
Operating Sales & Horizontal Analysis
15
Promotion is...
Any attempt to sell a product
The way companies make their product
Any place a product is sold
The way to manage finances
16
Information,Promotion,Matching, Negotiation,Physical distribution,Financing,Risk taking are...
operation functions
finance functions
marketing functions
channel functions
17
Copyright and Patent Issues, Unhappy Employees, Discrimination and Harassment are all...
Ergonomic Issues Affecting Business
Economic Issues Affecting Business
Legal Issues Affecting Business
Finance Issues Affecting Business
18
A place where businesses can show their products to potential clients is a...
Mall
Trade shows
Website
Conference
19
Maslow's Hierarchy of needs states...
food is more important than love
time is invaluable
safety and belongingness are basic needs
money is the key to happiness
20
The last thing that should be written in a business report is the...
Executive summary
Appendix
Market analysis
Sales forecast
21
Product/service management is...
businesses determining the best way to hire new employees
businesses finding the best way to sell their product
businesses choosing the manufacturer for theier product
businesses meeting wants, needs, and desires of consumers
22
A business focusing on factors other than price.
Non profit organization
Community Organizations
Nonprice competition
Charity
23
Key factors you need to address when planning the design of your business include:
Selling, Products, Distribution
Planning, Strategizing, Searching
Employees, Location, Responsibility
Purpose, Division of Labor, Authority,
24
Both external and internal factors influence company sales. Which are all external factors?
Government regulations, Business policy, Company leadership
Competition, Strength of Employees, Location
Political unrest, Weather and Geological disasters
Management changes, Employee morale, Culture changes
25
Which of the following is an appropriate brand promise for a computer company...
the fastest car you will ever own
the best tasting french fries
all of our cosmetics are handmade from natural ingredients
a CPU that never overheats
