Marketing - Mid-term Review Part 2

All are ways that pricing decisions are determined by, except

A T-shirt maker is allowed to produce shirts with NFL logos on them is an example of what?

What economic philosophy does the United States utilize?

The difference between wants and needs and available resources is known as what?

When there is a drop in PPI, it is generally followed by what?

Which is Not one of the ways that businesses can increase productivity?

All are questions that nations must answer when deciding how to use its resources except?

Which phase of the Business cycle is great for new businesses to start up & old ones to expand?

Consumer spending is extremely low during this phase of the economy.

A period of renewed economy.

Which is Not an example of Place Utility?

Which type of economy is all the decisions based on rituals and cultural beliefs?

Recurring changes in the economy of expansion and contraction is known as what?

A word, name, symbol, sound, or color that identifies a good or service.

A Trademark is good for how long?

Which Factor of Production involves the money needed to start and operate a business?

Which Factor of Production involves all the people who work part-time & full-time in a nation?

Which of the following is Not 1 of the 4 Factors of Production?

What are the 4 P's of the Marketing Mix?

Individuals who start their own businesses.

An economic slowdown when consumer spending begins to decline

A Copyright is good for how long?

A Patent is good for how long?

Which of the following would protect your rights to an invention?

What is a consumer?

Which nations pay the highest taxes?

Which would protect things authored by individuals such as writings, music & artwork?

Canada and Sweden are both examples of countries with what type of economic philosophy?

Which is Not an example of Time Utility?

What is the Gross Domestic Product?

The picture can be protected by which of the following?

Coca-Cola's formula for Coke is an example of which of the following?

Which economic system is characterized by private ownership of business and competition?

North Korea and Cuba are examples of countries with what kind of economic systems?

Which is Not an example of Possession Utility?

Which is an example of Form Utility?

Which of the following is NOT the goal of a healthy economy?

Fixed Costs are $7000 and unit cost is $5. How many can you make?

If Mr. Smith comes up with an idea for a business & invests his money to make it successful.

You have $700 to spend. Each T-shirt costs $7. Thus, you can make 100 t-shirts. Unit cost is?