UNLOCK 2 LS UNIT 6 VOCAB REVIEW

UNLOCK 2 LS U6 VOCAB REVIEW

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VOCABULARY

Drag and Drop

The company's ​

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involves analyzing competitors, market trends, and consumer behavior.

Our

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plan outlines how we will achieve our business objectives over the next five years.

We need to increase our ​

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efforts to reach more potential customers.

We have to stay within our ​

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to ensure we allocate resources effectively.


​ The​

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is responsible for overseeing day-to-day operations and ensuring the company's goals are met.

Drag these tiles and drop them in the correct blank above

research

business

marketing

budget

management

Dropdown

Our new product launch received extensive ​ ​

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to raise awareness among our target audience.

The company's ​

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focuses on creating a unique identity and image in the market.

We need to improve our ​ inventory

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management to avoid overstocking or stockouts.

Implementing sustainable practices is crucial for the company's long-term ​

Select answer

.

Match

Match the following

• Planning and overseeing the use of resources

• plan of action designed to achieve a specific goal or objective.

• The rivalry between businesses or individuals striving for the same customers or markets.

• An estimate of future sales based on historical data, market trends, and other relevant factors.

• The process of collecting, analyzing, and interpreting information about a market, including its consumers, competitors, and trends.

  
  

Management

Strategy

Competition

Sales forecast

Market research

• Management

• Strategy

• Competition

• Sales forecast

• Market research

Multiple Choice

What is the purpose of market research?

• a) To analyze competitors

• b) To predict future sales

• c) To collect data about consumers

• d) To oversee day-to-day operations

Multiple Choice

What does the term "branding" refer to?

• a) Planning long-term objectives

• b) Creating a unique identity in the market

• c) Analyzing market trends

• d) Managing inventory levels

Multiple Choice

What does a sales forecast predict?

• a) Consumer preferences

• b) Market trends

• c) Future sales

• d) Competitor strategies

Multiple Choice

What does the term "branding" refer to?

• a) Planning long-term objectives

• b) Creating a unique identity in the market

• c) Analyzing market trends

• d) Managing inventory levels

Multiple Choice

What is the primary goal of advertising?

• a) To analyze market trends

• b) To attract customers

• c) To manage budgets

• d) To oversee inventory

Multiple Choice

What term refers to the process of studying consumer preferences and market trends?

• a) Strategy

• b) Research

• c) Marketing

• d) Budget

Multiple Choice

Which term describes a detailed outline of a company's objectives and how they plan to achieve them?

• a) Business plan

• b) Management

• c) Promotion

• d) Inventor