Bus, Mkgt, fin final exam review

Which of the following is an effective strategy for personal saving?

• Wait until the end of the month and save whatever is left in your checking account

• Cover all of your wants and needs and save whatever is left over

• Save a certain percentage of each paycheck and deposit it directly into a savings account

• Take out a payday loan so you can save before you receive your paycheck

What do we call the situation where Apple and Google are trying to appeal to the same customers to get them to purchase their product (iPhone and Android)?

• Capitalism

• Competition

• Productivity

• Business Cycle

Which of the following represents a general rise in prices in an economy and is known to lessen the purchasing power of money?

• Inflation

• CPI

• Interest Rate

• GDP

A loan with a shorter term length will have _______ monthly payments, and you will pay _______ in total interest.

What is a target customer?

• The customers marketed by competitors

• The customers a business should avoid

• The ideal customers a business should try to attract

• The possible customers for a business

What does the acronym SMART stand for?

• Specific, Measurable, Attainable, Relevant, Timely

• Specific, Maintainable, Attitude, Relevant, Timely

• Smart, Measurable, Attitude, Required, Trust

• Short, Math, Apex, Repetitive, Training

What customer type would be in place when Academy Sports buys shoes to sell from Under Armour?

• Business 2 Business

• Business 2 Customer

• Government

• Institutions

Which of the following Four Ps of marketing is being addressed when a business is making decisions on how to get their goods or services to their possible customers?

• Product

• Price

• Place

• Promotion

Which one of these kinds of banks is the most common?

• Savings and Loan

• Credit Union

• Securities Firm

• Commercial Bank

All of the following would show up on a credit report EXCEPT:

• Salary of your current job

• Payment history of your car loan

• Credit card payment history

• Student loan activity