Business Essentials Final Review

What is market research?

Products should be marketed the same way, no matter what the product is.

A letter that someone writes for you explaining how they know you and your skills is called what?

What is an export?

What is an example of a direct channel distribution?

When talking about human resources, what does employee relations mean?

Which is NOT an example of a type of business?

What is the most important thing you have front and center on your resume?

Which is NOT an example of a geographic factor when talking about international trade?

What does channel of distribution mean?

Which is NOT a kind of communication we talked about?

Which term means the value of one currency compared to another?

White collar jobs involve a great deal of physical work.

Which level of management sets long-term direction and makes plans?

All are examples of intellectual property EXCEPT:

Who is someone you should NOT use as a reference?

What is an example of a liability?

Which is NOT a type of resource we talked about?

What agency insures customers of banks from losses?

What is the accounting equation?

Which is NOT a type of business ownership we talked about?

What is an example of visual merchandising?

A high school students resume should be one page.

What is an intermediary business?

What is the amount of money available to the business after all costs and expenses have been taken out?

What is an example of environmental protection?

What type of job would be considered middle management?

What term means a country exports more than they import?

What is an example of a fixed expense?

An effective budget needs to be:

Which is an example of a service?

Which is NOT an example of an economic system?

What term refers to the duty of a business to contribute to the well-being of a community?

Which is NOT an example of a cultural factor when talking about international trade?

What is needed to start a small business?

What is an example of an intermediary business?

What is NOT part of the budget process?

Which term refers to how much something costs the manufacturer?

All are ways to enter into a foreign market EXCEPT:

A super sweet Batman poster would be classified as:

What term means a country imports more than they export?

What is the difference between banks and credit unions?

What is an example of a variable expense?

You should change your resume and cover letter depending on the job you are applying for.

What is an example of a franchise?

Which is NOT an example of a company that only does marketing?

What level of management is responsible for the day-to-day of a business?

Which is NOT a risk of entrepreneurship?

Which is NOT a step in the budgeting process?

A letter that explains your interest in a position and discusses your skillset is called what?

Which term means a country is better when they specialize in making a product?

Which pricing factor means products change price based on time of year?

Which is NOT an example of a trade barrier?

What is a contingent worker?

A product being complex means it will be cheaper.

What country is the world's largest producer of goods and services?

What is not included in the functions of management?

A mixed economy is a mixture of which two?

Which marketing function includes researching what customers like and dislike about your product?

What is an example of personal selling?

How do you find a business's profit?

Which is NOT included in marketing duties?

What is NOT an example of a need?

What is an import?

A product being unique means it will be cheaper.

What word means not having enough resources to satisfy every need?

America is which type of economic system?

What is a kind of management style that looks into collaborating and involving employees?