DE Marketing IA UNIT 2 23/24

As businesses make money selling their products and services, what department continuously tracks the company’s expenses, profits, and liabilities to be sure they’re making a profit?

• human resources

• production

• finance

• marketing

Businesses often achieve the goal of higher customer satisfaction by setting up different _____ that perform functions such as research and development, production, distribution, marketing, finance, and human resources.

• Companies

• Departments

• Promotions

• Products

What type of companies are the foundation of any economy and include anything from small vegetable farms to large oil drilling companies that have the goal of removing raw materials for other businesses to use for their products?

• • 
    

    agricultural

• • 
    

    extractive

• promotional

• marketing

Natasha works in a department of her company that is responsible for taking the research performed by the research and development team and turning it into real products that people can use. Natasha helps to figure out the raw materials needed, the suppliers to contact, and all the equipment required to manufacture the finished product. What department does Natasha most likely work in?

• marketing

• distribution

• manufacturing

• production

Businesses are required to pay corporate taxes which then in turn are used by governments to develop what?

• infrastructure such as roads, public housing, and health care facilities

• • 
    

    tastes and decisions of consumers in the market

• raw materials such as oil, gas and coal

• the channels by which businesses make their products available to customers

  
  

Intangible products sold to consumers that cannot be stored for future use are referred to as:

• merchandise

• industries

• products

• services

Bradley is employed by a large company and works in the department that is considered the brain of the organization. He works alongside other engineers and scientists to develop new technologies and find ways to improve the company’s products. What department does Bradley likely work in?

• human resources

• distribution

• marketing

• research and development

Once the research and development team at a company completes their specific research, what department do they pass it off to?

• distribution

• production

• finance

• marketing

In order to benefit the economy by hiring more employees, developing new products, and expanding its operations, a company must first be what?

• marketable

• distributed

• profitable

• extractive

What term refers to tangible goods that are manufactured or further processed for sale?

• industry

• services

• products

• promotions