WItch is not an advantage of being an entreprenur

You can be your own boss & make your own business decisions

advantages of owning a franchise

Franchisors offer management, technical, and other assistance.

Equipment and supplies can be less expensive.

Franchises can cost a lot more money and cut down profits.

Owners of franchises have less freedom to make decisions than other entrepreneurs.

The franchisor can terminate the franchise agreement.

What type of marketing function is this scenario: In a recent focus group, it was found that many adults do not want their children having a lot of sugar?

Marketing Information Management

What a disadvantage of a sole proprietorship?

Actions of one owner are legally binding on the others

Relatively easy to start Responsible for all business debts and legal judgements

Each owner has limited liability

What is the advantage of a partnerhship?

Greater freedom from government regulation

A hybrid between a a partnership and a corporation

Definition of Brand Mark

symbol, mark, or image representing a brand that helps instantly identify a specific company

Product, Pricing, Promotion, Place

A name at a status of a trademark

Product, Promotion, Place, Pricing

Price, Primary Data, Product Promotion, Psychographics

Definition of Market Share

A portion of the business controlled by a company

What is a psychographic?

Classification of people by attitudes, aspirations, etc.

Classification by age, gender, income, etc.

Classification of people where they live,etc.

what is an entrenpenuer

someone who starts there own business

Which is not true about a partnership?

Ownership lies in multiple hands

What is Channel Managment

The process of deciding how to get goods into customers hands

Involves understanding the concepts and strategies used to develop and target specific marketing strategies to a select audience

Gathering, storing and analyzing about customers, trends, and competing products

How much should a business charge for goods and services in order to make a profit?

Involves understanding the concepts and strategies used to develop and target specific marketing strategies to a select audience

The process of deciding how to get goods into customers hands

Gathering, storing and analyzing about customers, trends, and competing products

What is Market Managment

Gathering, storing and analyzing about customers, trends, and competing products

Involves understanding the concepts and strategies used to develop and target specific marketing strategies to a select audience

The process of deciding how to get goods into customers hands

How much should a business charge for goods and services in order to make a profit?

Block B Intro to Business and Marketing Student Created Review

Authored by Joanna Binette

Financial Education

9th - 12th Grade

Used 2+ times

Block B Intro to Business and Marketing Student Created Review

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65 questions

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MULTIPLE SELECT QUESTION

1 min • 1 pt

What are characteristics for a successful enterprenuer?

Determined

Sociable

Organized

Impulsive

Shy

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Specail Event Pricing is...

Stuff is more expensive on the owners birthday.

Items are reduced in price for a short period of time, based on a specific event.

Used to increase store traffic by offering some very popular items for sale at below-cost prices.

Sets higher-than-average prices to suggest status and high quality to the consumer.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Marketing Research is...

The process and methods used to gather the information, analyze it, and report findings related to marketing goods and services

Looking at your customers.

Setting pricing figures that end in either odd or even numbers.

Living with your customers so you know what products they will like.

Making cheap prices.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are some of the 7 core marketing functions?

Selling

Buying

Channel Management

Promotion

Pricing

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does SWOT stand for?

Strengths, Worms, Oranges, Trees

Selling, Working, Oppotunities, Time

Strengths, Weaknesses, Opportunities, Threats

Selling, Weaknesses, Overtime, Territory

String, Work, Owls, The

MULTIPLE SELECT QUESTION

1 min • 1 pt

Select the Needs

water

food

Iphone

house

lambo car

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is sole proprotorship

1 owner

2 owners

3 owners

4 owners

5 owners

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Block B Intro to Business and Marketing Student Created Review

What are characteristics for a successful enterprenuer?

Specail Event Pricing is...

Marketing Research is...

What are some of the 7 core marketing functions?

What does SWOT stand for?

Select the Needs

What is sole proprotorship

what are the four P's

What is Entrepruenor traits

What are the three graphics in marketing

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Financial Education