Final Exam - Marketing

Front

Any Good or Service is called a __________.

Back

Product

Front

Activities that work together to satisfy target markets and achieve organizational goals.

Back

Marketing Mix

Front

Getting money necessary to operate a business.

Back

Financing

Front

The Marketing Mix includes: Product, Process, Price, Promotion, Product, Price, Place, Promotion, Product, Place, Profit, Promotion, Price, Place, Promotion, Practice

Back

Product, Price, Place, Promotion

Front

What is the term for the phrase "Companies sell what customers want?"

Back

Marketing Concepts

Front

Profit is a _________________ for taking risk.

Back

Motivation

Front

One person owns the company. All the risk but also all the profits belong to the owner.

Back

Sole Proprietorship

Front

What is the group that decides whether or not a business survives? Options: The owners or board of directors., The consumers, The government, The competing businesses

Back

The consumers

Front

Economic System where property is viewed as communal for the good of the village.

Back

Traditional

Front

Economic System where government has total control of trade. There is no private ownership of property.

Back

Command