Intro to Business Review

Businesses emphasize customer service, product features, & brand reputation when involved in non-price competition.

• True

• False

U.S. govt. serves as regulator; protecting consumers, workers, investors, & the environment.

• True
• False

Sales and rebates are examples of what strategy?

• Price Competition
• Low Fares
• Competitive Edge
• Roll Backs

Competition forces businesses to produce poor-quality products at low prices.

• True
• False

When Mia's bakery produces more cupcakes than the local demand, she usually lowers their price.

• True

• False

Ethics are guidelines for good behavior.

• True
• False

What is the term for the struggle between companies for customers?

• Profit
• Promotion
• Surplus
• Competition

What agency would regulate chemicals that are improperly stored causing employees to become ill?

• Environmental Protection Agency
• Security Exhange Commission
• Federal Trade Commission
• Occupational Safety and Health Administration

DECA, the Red Cross, and the Girl Scouts of America are considered ____________organizations.

• Profit
• Non-profit
• Non-price 
• Price

EPA

• Sets guidelines for good behavior. 
• Enviromental Protection Agency.
• Equal Employment Opportunity Commission.
• Prices products really high when the need is great.