Unit 3 and 4- Quiz

• Is a group of customers who share common wants and needs. These people have the ability to purchase the product or service. 

• Management

• Market

• Pricing

• Selling

Focuses on providing a service but not to make a profit. They are also required to register with the government. They do not pay taxes.

• None-Profit Organization

• A Cooperative Organization

• Franchise

• Sole proprietorship

Which of the following isn't one of the 4 P's to the marketing mix?

• Price

• Place

• Promotion

• Product

• Profit

Which of the following is NOT one of the 4Ps?

• Product
• Producers

• Place
• Price

Looks at how the business will expand in the future

• Marketing plan

• Contingency plan

• Growth plan

• Financial plan

A ___________ purchases goods from wholesalers and sells them to consumers, the final buyers of the goods.

• Retailers and Service Businesses

• Wholesalers

• Intermediaries

• Manufacturers

Oil refinery is an example of:

• Manufacturers Business

• Procedures Business

• Wholesalers Business

• Intermediaries

Which of the following is not a function of management

• Planning

• Leading

• Controlling

• Coaching

Responsible for daily operations of a business. Also do some planning and organising but their main duties are overseeing workers and meeting deadlines (leading and controlling).

• Top Level Management

• Operational Management

• Middle Management

1. The act or process of creating goals and objectives as well as the strategies to meet them. Involves figuring out the resources that are needed and the standards must be met.

• Planning

• Selling

• Controlling

• Pricing