MP Final Exam
Flashcard
•
Business
•
10th Grade
•
Practice Problem
•
Hard
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50 questions
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1.
FLASHCARD QUESTION
Front
What is marketing?
Back
the creation and maintenance of satisfying exchange relationships
2.
FLASHCARD QUESTION
Front
How many functions of marketing are there?
Back
9
3.
FLASHCARD QUESTION
Front
Which does NOT belong in the marketing functions? financing, security, distribution, planning
Back
security
4.
FLASHCARD QUESTION
Front
Which best describes risk management?
Back
providing security as well as reducing the risks associated with the market
5.
FLASHCARD QUESTION
Front
What does being self-sufficient mean?
Back
you do not rely on others for things you need to survive
6.
FLASHCARD QUESTION
Front
Exchanging products or services with others by agreeing on their values is known as
Back
bartering
7.
FLASHCARD QUESTION
Front
Specialization of labor is known as...
Back
concentrating on one thing or a few related activities
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