review feud questions Flashcards
What were the environmental factors that impacted the business of College HUNKS
Provided food for domestic violence and provided water for people
What is the objective of sales promotion?
To stimulate a consumer purchase
What type of demand is it when it is not sensitive to changes in price
Inelastic demand
In terms of trade agreements around the world, APEC stands for
-Asia Pacific Economic Corporation
If somebody is involved in personal selling and there is a two-person conversation between the buyer and seller what is that
Buyer seller dyad
What is an import tariff?
A duty levied by a nation on goods bought outside its borders and brought into the country
Trade allowance and more displays are what type of sales promotion
Dealer incentive
Fios offers internet, TV, and phone services what type of service do they offer?
bundle
What price approach deals with a price floor?
Price approach
What price approach deals with a ceiling strategy?
nonprice approach
Fast food offerings have franchises around the world, what is the advantage of franchises?
It is cheaper
What policy do you have for a nonprice approach?
Skimming policy
. What is the main difference between advertising and sales promotion?
Advertising is long-term and sales promotion is in the moment
The U in college Hunks stand for?
Uniform
KFC product changes globally what type of product is it?
Product adaptation
According to college HUNKS, the customer is not always right but what do they say?
The customer is always the customer
McDonald’s is a worldwide business. What type of firm is 50% of the business?
Multinational firm
Why was the uniform union formed?
To get rid of tariffs and promote trade in Europe
I present to the customer. What type of salesperson am I?
Order getting
What stage of the product life cycle is sales promotion in?
Mature
Mcdonald’s created a new product from another company
Forward invention
The pricing technique costs sales and products is
Break-even analysis
Buys multiple packs of chips what is that
Multi-pack
What level of innovation is it when marketing strategies are developed for major countries?
Regional marketing
When a company hires a certain firm,
Contract manufacturer
I hop partnered with the Grinch
Strategic tie ins
What is the difference between a sweepstakes and a contest?
Sweepstakes are randomized and content is by skill
What trade alliance is the YMCA?
It’s not a trade alliance
