Deca Quiz Bowl Review: Q51-101 Flashcards
What pricing method sells goods at an artificially high rate and implies superior quality?
Prestige
When the demand for goods and services exceeds supply, prices tend to____
increase (rise)
When spending exceeds revenues, a company experiences a budget
deficit
The movement of business activities from a central commerce district to surrounding jurisdictions is often referred to as____
suburban flight
A person who cannot concentrate and has trouble sleeping at night might be experiencing mental___
stress
Employees often prioritize their activities by rating their importance
ABC method
A business determines its debt ratio by dividing total debt by total ___
assets
Although he had a week to complete the assignment, Pte wrote his term paper the night before it was due. this is often called ______
Procrastination
After completing her daily tasks, Beth plays tennis in her __ __
free time
A popular fashion designer influences the general direction of clothing styles. This is an example of a person who is a(n) ____
trendsetter
The actual price that exits in a market at any particular moment is known as the ___ ___
Market Price
What marketing function is most directly related to possession utility?
Selling
By extending store hours during the holiday season, businesses are helping to create _____ utility
Time
What type of government policy determines the amount of money that will be in circulation and the level of interest rates?
Monetary
What term is defined as the organized way in which a country handles its economic decisions and solves its economic problems
Economic system
A contractual document between a buyer and a seller to distribute the seller’s goods or services is called a(n) _____ agreement
Franchise
What type of institutional promotion informs consumers about non-controversial issues that are in the public’s best interest?
Public service
What type of product promotion is intended to stimulate demand of an entire class of goods or services rather than stimulating demand for a specific brand
Primary
What type of institutional promotion would be used to confront an issue that is controversial for the business?
Public relations
On their resumes, job applicants…
References
The first level of needs in Maslow’s hierarchy of needs focuses on ____ needs
physiological
What is an oral communication method in which information is passed around the company but not formally announced or verified?
Grapevine
What is the one-on-one communication method between a supervisor and an individual employee
Counseling
ALlowing employees to identify problems and suggest ways to solve the problems is an example involving employees in the ______ process
Decision-making
Instructional activities used to educate new salespeople about products and selling policies are often called _____ _____
Training programs
Meeting with employees to review how well they are doing on the job is an example of providing feedback through a(n) ______ ______
performance evaluation
A group of employees working together to achieve a goal or perform a task is an example of a(n) _____
team
