Business Essentials Semester Exam Review

What are the 4 P’s of Marketing?

• Place, price, progress, and promotion

• Place, price, product, and promotion

• Place, price, product, and progression

• Place, price, packaging, and promotion

What is a perk to starting a Franchise?

• Much of the work needed to launch a business idea has already been done

• In cases, financing may be easier to secure

• Not as much, if any, experience is needed to start.

• All of the Above

What is information technology?

• Just the use of electronic devices

• The use of electronic devices only while at work

• The use of any computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data

• The use of any electronic device and any compacity

Advertisements do not use persuasive techniques to help catch their target audience’s attention.

• True

• False

Social media is becoming a more popular way to advertise and promote products and services.

• True

• False

It is smart for partnerships to have a legal agreement.

• True

• False

All Entrepreneurs are successful.

 

• True

• False

Consumers wants and needs never change.

 

• True

• False

A business does not need to worry about continually improving the value it creates for consumers and society.

 

• True

• False

Businesses must make profit if they want to stay up and running

• True

• False