Finals Flashcards

1
Q

It is the process of planning for pricing, promotion and distribution of a product or service that will reach and satisfy customers and encourage them to return again to purchase that product or service in the future

A

Marketing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Marketing is the process of planning for ______ _____ _______ of a product or service that will reach and satisfy customers and encourage them to return again to purchase that product or service in the future.

A

pricing, promotion and distribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

This is a process that consists of analyzing market opportunities, researching selecting target market, developing marketing strategies, planning marketing tactics, and implementing and controlling market effort.

A

Marketing Management

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

This is a process that consists of analyzing _____ ______, researching selecting _____ _____, developing ______ _____, planning ______ ______, and implementation and controlling _____ ____.

A

market opportunities, target market, marketing strategies, marketing tactics, market effort

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

It impinges on the marketing management’s ability to develop and maintain successful transactions with its target customers’ behavior.

A

marketing environment; actors and
factors external to the marketing management

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

A company’s marketing environment

A
  • Microenvironment
  • Macroenvironment
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

immediate environment

A

Microenvironment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

large societal forces

A

Macroenvironment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Microenvironment

A

a. Organization
b. Suppliers
c. Customers
d. Competitors
e. Public

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Macroenvironment

A

a. Demographic
b. Economic
c. Physical
d. Technological
e. Political/Legal
f. Social/Cultural

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Marketers market ten (10) main types of entities:

A

goods, services, events, experiences, persons, places, properties, organizations, information, and ideas.
G, S, Ex, Ev, Pl, Pe, Pr, O, In, I

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

physical items that can be seen, touched, owned, and used in some physical manner

A

Goods

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

It includes the work of airlines, hotels, car rental firms, barbers and beauticians, maintenance and repair people, and accountants, bankers, lawyers, engineers, doctors, software programmers, and management consultants.

A

Services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

promote time-based events, such as major trade shows, artistic performances, and company anniversaries.

A

Events

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Global sporting events such as the ____ and the ___ ____ are promoted aggressively to both companies
and fans.

A

World Cup, Olympics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

By orchestrating several services and goods, a firm can create, stage, and market experiences. Walt Disney World’s Magic Kingdom allows customers to visit a fairy kingdom, a pirate ship, or a haunted house.

A

Experiences

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Each person can become a brand with the help of a celebrity marketer. Artists (musicians, actors, directors and so on) are those who come first in people’s mind when they think about marketing a person.

A

Persons

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

To attract tourists or companies to a certain place, people use _____ _____ to communicate its value.

A

marketing techniques

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Promotional tagline of the Philippines

A

Love the Philippines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Promotional tagline of Vietnam

A

Timeless Charm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Promotional tagline of Thailand

A

Amazing Thailand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Promotional tagline of Malaysia

A

Truly Asia

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Promotional tagline of Singapore

A

Passion Made Possible

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Promotional tagline of Laos

A

Simply Beautiful

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Promotional tagline of Brunei

A

The great Heart of Borneo, The Kingdom of Unexpected Treasures

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Promotional tagline of Cambodia

A

Kingdom of Wonder

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Promotional tagline of Indonesia

A

Wonderful Indonesia

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

The intangible rights of ownership to either real property (real estate) or financial property (stocks and bonds). They are bought and sold, and these exchanges require marketing.

A

Propertise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

Real estate

A

Real Property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

stocks and bonds

A

financial property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

They work to build a strong, favorable, and unique image in the minds of their target publics.

A

Organizations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Universities, museums, performing arts organizations, corporations, and nonprofits all use marketing to boost their public images and compete for audiences and funds.

A

Organizations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

It is essentially what books, schools, and universities produce, market, and distribute
at a price to parents, students, and communities.

A

Information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

The ____, ___, and ______ of information are major industries.

A

production, packaging, and distribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

Every market offering includes a basic ___. Products and services are platforms for delivering some _____ or ___.

A

idea, idea or benefit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

RESEARCHING AND SELECTING TARGET MARKETS

A

A. Competition
B. Location
C. Target Customers
D. Selling Price
E. Promotional Strategies
F. Marketing Budget

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

Compare own product with competitor’s products in terms of location, quality, price, convenience, and service

A

Competition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
38
Q

This pertains to the place or channels of distribution where product/s will be distributed/offered to the target customers. Consider factors such as accessibility and/or availability of transportation, communication,
infrastructure facilities.

A

Location

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
39
Q

To whom the business sells its
products?

A

Target customers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
40
Q

How much will you charge for your product
or service? How did you arrive at your price?

A

Selling Price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
41
Q

It is necessary to entice and convince buyers to purchase your product and not your
competitors.

A

Promotional Strategies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
42
Q

Promotional Strategies is divided into:

A

advertising,
sales promotion
publicity
personal selling
direct marketing.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
43
Q

It includes the marketing cost such as promotion, distribution, salaries of your sales force, and delivery cost if any.

A

Marketing Budget

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

THE FILIPINO MARKET PERSONAL TRAITS

A

Hiya
Amor Propio
Utang na Loob
Pakikisama
Bahala Na
Filipino Yes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q
  • It is ____ that makes the Filipino eat little during parties; that influences him to buy from neighbor; that impels him not to contest or question; or not to raise his hand in the classroom.
A

hiya

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
46
Q

It is self –esteem. To say that one cannot afford a merchandise is an insult to the Filipino amor propio. He feels embarrassed and slighted

A

Amor Propio

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
47
Q

This loosely means debt of gratitude or
debt of honor.

A

Utang na Loob

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
48
Q

It may mean anything from cooperation to
camaradie. The barkada is a manifestation of this trait

A

Pakikisama

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
49
Q

loosely, it means fatalism.Let destiny take its
course.This trait is seen as the raison d’etre’ for the popularity of installment buying

A

Bahala Na

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
50
Q

Jocano, in Filipino Social Structure and Value System list seven occasion when Filipino say “yes.

A

Filipino Yes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
51
Q

BUYING AND SELLING HABITS:

A

Suki habit
Hingi at dagdag habit
Buena mano habit
Tumpok-tumpok habit
Hulugan o Paiyakan habit
Kantahan habit
Bulungan habit
Tawad habit
Lako habit
Pakyaw

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
52
Q

patronizing one store

A

Suki habit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
53
Q

asking for extra aside from what
one has bought

A

Hingi at dagdag habit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
54
Q

Spanish phrase that literally means
“good hand”; means the first sale of the day

A

Buena mano habit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
55
Q

to group what one has to sell

A

Tumpok-tumpok habit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
56
Q

buying on installment basis and collecting the amount every payday

A

Hulugan o Paiyakan habit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
57
Q

Singing is used in selling

A

Kantahan habit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
58
Q

whispering the price to pay for the
merchandise

A

Bulungan habit

59
Q

bargaining

A

Tawad habit

60
Q

carrying wares to sell

A

Lako habit

61
Q

piecemeal

A

Tingi habit

62
Q

buying on lump sum basis

A

Pakyaw

63
Q

It is how businesses organize and direct workflow, operations, and employees to meet company goals.

A

Management

64
Q

5 MANAGEMENT FUNCTIONS

A

POSDICON

65
Q

What? When? How? Who?

A

Planning

66
Q

called the backbone of management and grouping of activities together

A

Organizing

67
Q

It is a function in which the synchronization and combination of human, physical, and financial resources takes place

A

Organizing

68
Q

It involves manning the organization structure through proper and effective selection, appraisal and development of the personnel to fill the roles assigned to the employers/workforce.

A

Staffing

69
Q

A process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals.

A

Directing

70
Q
  • It is said to be the heart of management
    process.
A

Directing

71
Q

consists of verifying whether everything occurs in conformities with the plans adopted, instructions issued and principles established.

A

Controlling

72
Q

an essential written document that provides a description and overview of your company’s future

A

BUSINESS PLAN

73
Q

The plan should explain your ____ _____and your ____ ___ to get from where you are now to where you want to be in the future.

A

business strategy, key goals

74
Q

SOME RULES TO OBSERVE IN PREPARING BUSINESS PLAN

A
  1. Make it neat
  2. Make it gramatically correct
  3. Make it honest
  4. Write in layman’s language
  5. Do not over emphasive your product or your business
75
Q

BUSINESS PLAN FORMAT

A

A. Cover Page
B. Table of Content
C. Statement of Vision, Mission, Goals, and Objectives (VMGO)
D. Executive Summary
E. Marketing Plan
F. Production Plan
G. Organization and Management Plan
H. Financial Plan
I. Appendix

76
Q

The transmission of ideas, information, direction, or criticism to an organization or enterprise.

A

BUSINESS COMMUNICATION

77
Q

IMPORTANCE OF BUSINESS COMMUNICATION

A

Movement of Information
Efficient and Smooth Running of Enterprise
Promotion of Management Efficiency
Proper Planning
Basis of Decision-Making
Basis of Co-Operation
Means of Coordination
Job Satisfaction
Establishment of Public Relations
Establishment of Effective Leadership
Assisting Motivation
Loyalty
Accomplishment of Goals
Industrial Peace

78
Q

THE FOUR TYPES OF BUSINESS COMMUNICATION

A

UPWARD COMMUNICATION
DOWNWARD COMMUNICATION
LATERAL COMMUNICATION
EXTERNAL COMMUNICATION

79
Q

COMMON BUSINESS COMMUNICATION CHANNELS

A

Face-to-face communication
Electronic communication
Written communication

80
Q

The smooth and efficient functioning of an enterprise entirely depends upon the effectiveness of the _____ ___ ____.

A

System of communication

81
Q

“______ serves as the lubricant fostering the smooth operation of the management process.”

A

Communication

82
Q

The ____ ____ depends upon getting things done through other people by making them know and understand what the manager wants them to do.

A

managerial efficiency

83
Q

Only through good communication can company policies and practices be ____ and ____.

A

formulated and administered.

84
Q

The quality of decisions made in an organization entirely depends on the _____ and _____ of _______ available to the management authority.

A

volume and quality of information

85
Q

By promoting mutual understanding and meeting of minds, communication paves
the way for _______.

A

co-operation

86
Q

What is the function of the business communication

A

to get the workers fully informed of everything relating to the work and bring a perfectly tuned harmony in their work.

87
Q

It enables the subordinates to bring to the notice of the managers their viewpoints, grievances and troubles.

A

Proper communication system

88
Q

The _____ and _____ of the lower employees on the management personnel increases as they become aware of the competence of efficiency of their boss through communication.

A

confidence and loyalty

89
Q

Through _____ ______ the management personnel send their orders, instructions, directions, etc.

A

downward communication

90
Q

the ____ _______ helps the subordinates to convey to their demands, grievances, complaints, suggestions, etc

A

upward communication

91
Q

through communication of facts and information between the superiors and subordinates, ____ _____ can be established.

A

industrial peace

92
Q

internal business communication

A

upward, downward, and lateral communication

93
Q

interactions that happen between the organization and an outside party.

A

external business communication

94
Q

interaction that travels up the hierarchy of your business. This type of business communication allows upper management to stay informed about what is happening with the company. It also provides employees with the opportunity to ask questions, raise concerns, or make suggestions.

A

UPWARD COMMUNICATION

95
Q

Examples of upward communication:

A

▪ Direct report to manager
▪ Manager to high-level executive

96
Q

Strengths of upward communication:

A

▪ Allows for the exchange of information from direct reports to upper management
▪ Helps management respond to employee needs and identify problems before they escalate
▪ Promotes interaction across different levels in a company
▪ Cultivates an open and friendly company culture

97
Q

Weaknesses of upward communication:

A

▪ Communication is hindered by existing power dynamics
▪ Employees are often limited by their level of access to management

98
Q

the exchange of information from the top of an organization down to lower levels of the organizational hierarchy

A

DOWNWARD COMMUNICATION

99
Q

Examples of downward communication:

A

▪ Executive to manager
▪ Manager to direct report

100
Q

Strengths of downward communication:

A

▪ Shares and disseminates information among the wider team
▪ Helps management delegate responsibilities and company priorities
▪ Communicates about the big picture (e.g., business goals, mission, etc.)
▪ Enforces regulations that must be followed
▪ Addresses disciplinary action or promotions

101
Q

Weaknesses of downward communication:

A

▪ Organizational hierarchy may stifle efficient communication because its slow
▪ Messages may get distorted
▪ DC without UC may leave employees feeling frustrated or undervalued

102
Q

When employees communicate across departments or with peers of equal rank in the organization, this is considered ______ OR _____ communication.

A

lateral or horizontal

103
Q

Examples of lateral communication:

A

▪ Coworker to coworker
▪ Manager to manager

104
Q

Strengths of lateral communication:

A

▪ Allows for knowledge sharing and problem solving
▪ Promotes team and interdepartmental cohesion and coordination
▪ Occurs quickly and without the need for top-level approval
▪ Supports employee productivity and morale
▪ Helps avoid conflict within and across teams
▪ Prevents team silos and increases collaboration
▪ Lacks formality and lets workers speak openly

105
Q

Weaknesses of lateral communication:

A

▪ There’s potential to foster an “us vs. them” mindset among separate teams
▪ Competition may hinder team cohesion and collaboration
▪ may result in barriers that decrease productivity
▪ can result in misunderstandings

106
Q

This also includes any electronic communication that occurs through
a website, email, or social media from your organization to consumers, clients, or other parties.

A

EXTERNAL COMMUNICATION

107
Q

It should be a top priority because it manages your business’s reputation and outside relationships.

A

EXTERNAL COMMUNICATION

108
Q

Examples of external communication:

A

▪ Organization A to Organization B
▪ Website to consumer

109
Q

Strengths of external communication:

A

▪ Builds a positive reputation for your organization
▪ Fosters beneficial customer/client relationships
▪ Helps promote company growth and success

110
Q

Weaknesses of external communication:

A

▪ There’s potential to harm your company’s reputation using poor external communication
▪ less room for mistakes
▪ external communication may be a challenge

111
Q

This method of synchronous communication occurs when two or more people interact while being able to see each other’s faces and this can also refer to an online face-to-face interaction

A

Face-to-face communication

112
Q

Any form of communication exchanged using electronic media that can happen in real time
or asynchronously.

A

can happen in real time or asynchronously.

113
Q

Information that’s exchanged one-directionally, using solely written words used a lot in business and comes in the form of reports, memos, contracts, proposals,
manuals, standard operating procedures (SOPs), and press releases.

A

Written communication

114
Q

Letter to Board Members

A

Upward Communication

115
Q

Letter to the teams that worked on the project

A

Downward Communication

116
Q

Letter to a coworker who regulates the marketing department

A

lateral communication

117
Q

an email to current clients who may be interested in purchasing the new product line

A

external communication

118
Q

the supreme power of a sovereign state to impose burdens or charges upon person, property or property rights for public purpose

A

Taxation

119
Q

the enforced proportional contributions from person and property, level by the state for virtue of its sovereignty for the support of the government and for public needs.

A

Tax

120
Q

Importance of Tax

A
  • Raise Revenu
  • Protect locally produced goods
  • Protect new industries by granting tax exemptions.
  • Regulate property.
  • Distribute equally the wealth of the nation.
121
Q

Classification of taxes

A

National Tax
Local Tax

122
Q

Forms of Taxes

A

Direct Tax
Indirect tax

123
Q

Imposed by the National Government under the
National Internal Revenue Code and other laws particularly the Tariff and Customs Code

A

National Tax

124
Q

Imposed by local government to meet particular needs under the Local Government Code

A

Local Tax

125
Q

a form of tax paid directly by the individual or corporation directly to the government. They are typically based on the taxpayer’s ability to pay as measured by income, consumption, or net wealth.

A

Direct Tax

126
Q

taxes imposed on a particular article or transaction which paid by others than those from whom the tax collected receives payment

A

Indirect Tax

127
Q

Direct Taxes

A

Income Tax
Inheritance Tax
Estate Tax
Donor’s Tax
Capital Gain Tax
Property Tax
Documentary Stam Tax

128
Q

Indirect Tax

A

Value Added Tax
Excise Tax

129
Q

Derived from individual, corporate estates and trust income

A

Income Tax

130
Q

Paid on property passed on from a diseased person to those who are to inherit it

A

Inheritance Tax

131
Q

A tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfer, which are made by law equivalent to testamentary disposition

A

Estate Tax

132
Q

Tax levied of donation or gift and is imposed on the graduations transfer of property between two or more persons who are living at the time of the transfer

A

Donor’s Tax

133
Q

Tax imposed on income from the sale of capital assets, which includes stocks, bonds, real estate, and partnership

A

Capital Gain Tax

134
Q

Tax levied on the assess value of land and permanently attached improvement owned by individual or corporation

A

Property Tax

135
Q

Tax imposed on documents, instruments loan agreements and paper evidencing the acceptance, assignment, sales or transfer of an obligation

A

Documentary Stamp Tax

136
Q

Tax imposed by the government at each stage in the production of a good or service. It is a business tax imposed and collected from the seller in the course of trade or business on every sale of properties (real or personal) lease of goods or properties (real or personal) or vendors of services.

A

Value Added Tax

137
Q

Tax is on the manufacture, sale or use of goods or service levied by local, state or national government. It is applied on goods manufactured or produced in the Philippines for domestic sale or consumption or for any other disposition and on goods imported.

A

Excise Tax

138
Q

It refers to a levy being imposed by the government on timber and other forest
products cut in a forestland by a permittee
and TLA/TPSA holders

A

Forest Charges

139
Q

The forest charge per cubic meter of timber cut in forestlands is equivalent to:

A

25% of the actual FOB market price

140
Q

Major Issue relevant to forestry development in the country

A

Logging Ban Issue

141
Q
  • prohibits logging of the old growth
  • effective from 1st January 1992
A

DAO 24, s. 1991

142
Q
  • Declaring a moratorium on the cutting and
    harvesting of timber in the natural and
    residual forest
A

EO No. 23, s. 2011

143
Q

As of 2000, __ timber licenses existed, covering a
total forest area of _____ ha. Between 1990 and 2000 there was a significant decrease of __ percent in the number of active timber licenses mainly as a result of the government’s strict forest conservation policy

A

20, 910 000 ha, 79

144
Q

Forest Based Industries

A

Logging
Wood Processing

145
Q

In 2000, there were __ sawmills in the Philippines with a total daily capacity of ________ m3. However, only __ of these operated during the year due to local wood shortages, and as a result, only ______ of sawn wood were produced

A

86, 3 747 m3, 45, 151 000 m3

146
Q

When people are engaged in small-scale forest-based industries, they will see the forests as _______ which should be protected rather than _____ that should be squandered.

A

‘capital’ , ‘interest’