The demand curve starts where, ends where, and slopes which way?

Starts upper left ends lower right slopes downward

The supply curve starts where and ends where and slopes which way?

Starts in the lower left & ends upper right - slopes upward

What is a position graph? What does it measure? How is it used?

Marketers measure perception & use this to do a market plan

What happens to the demand for snakes when there is a rat or mice pests problem?

Demand rises - new curve shifted right

Marketing segmentation is the act of

breaking down a mass market into groups that behave alike

What is a SWOT analysis?

Strengths, Weaknesses, Opportunities, Threats

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Supply & Demand

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Marketing & Sports Marketing

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Questions 10

Answers

1
The demand curve starts where, ends where, and slopes which way?
starts and stays vertical - straight up and down
Starts upper left ends lower right slopes downward
demand what
starts lower left ends upper right slopes upward
2
The equilibrium point is the point where .....
There is a surplus, top of supply curve
supply is a shortage
supply and demand curves cross
everyone is happy
3
Generally, when the price of an item falls, what happens to the demand for that product?
demand falls
People substitute other goods
demand falls as well
An increase in demand
4
The supply curve starts where and ends where and slopes which way?
supply what?
it is a straight vertical line
starts in upper right & ends in lower left slopes down
Starts in the lower left & ends upper right - slopes upward
5
What is a position graph? What does it measure? How is it used?
It is a visual tool to have fun
a graph that looks at profits and losses
It is better than survey marketing research
Marketers measure perception & use this to do a market plan
6
Why do professional athletes make so much more than school teachers?
We live in a morally bankrupt society.
Substitutes
Laws of Supply & Demand
Sponsors
7
What happens to the demand for snakes when there is a rat or mice pests problem?
Demand rises - new curve shifted right
Demand falls
Demand stays the same
the point of demand moves along the curve- no new curve
8
What happens to the supply of goods that producers are willing to produce when prices fall?
Firms supply more
Firms supply less
Supply is constant
Diminishing marginal utility
9
Marketing segmentation is the act of
slicing up the pie chart of market share
marketing to the masses
breaking down a mass market into groups that behave alike
measuring the marketing mix or 4p's
10
What is a SWOT analysis?
Position graph
Strengths, Wisdoms, Opportunities, Thoughts,
Strengths, Weaknesses, Opportunities, Threats
The Swat team - Police

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