NEW
Font size
WorksheetsMarketing Final
Total questions: 30
Worksheet time: 15mins
You want to buy a box of Tomatoes. You go to the store and there are no boxes on the shelf. Which word would best describe this situation?
Supply
Demand
Scarcity
Abundance
At my business, I have equipment, land, and buildings. Which type of resource am I?
capital resources
natural resources
human resources
We identify the direction in which an economy is heading by using what?
economic indicators
economic resources
economic systems
economic directions
Switch to edit modeRemove pointsI am the cost to grow the product and to transfer the product to the store. What am I?
cost of production
services
supply
demand
You are the owner of a business. What are you know as?
entrepreneur
boss
head guy
owner
Walmart refuse to carry cigarettes due to the ill effects that this product has on human health. This would be an example of the:
law of demand
law of supply
supply curve
demand curve
A baker owns a bakery that services the area customers. The customers love the bread at the bakery. The baker also counts on making money off the bakery in order raise a family and make a living. Which word best describes this situation?
self-interest
competition
competitive advantage
lost income
Jersey Mikes and Pop Belly's go head to head in China for winning over customers. Which best describes this situation?
competition
self-interest
discretionary income
competitive advantage
You decide to purchase a new car rather than replace the wireless router in your home. Which best describes this choice?
opportunity cost
scarcity
competitive advantage
self-interest
The plotted chart that shows the relationship between price and quantity demanded.
supply curve
demand curve
The limit on the amount of goods that can be imported.
trade restrictions
tariff
quota
embargo
The agreement established between the U.S., Canada and Mexico on trading and important goods and supplies for businesses.
NAFTA
WTO
GATT
Another name for fluctuations in the economy.
business cycle
business growth
business economy
business clock
A business uses this when they want to set structural and organizational plans for their business.
business plan
marketing plan
board plan
sales plan
The debt that the business owes to its creditors.
assets
expenses
liabilities
revenue
capital
Subway adds fish to its menu during Lent. Which type of marketing strategy is this?
niche marketing
mass marketing
smart marketing
night marketing
Potbelly's advertises to everyone. Which type of marketing strategy is this?
niche marketing
mass marketing
smart marketing
night marketing
The other name for the 4Ps or the 7Ps of marketing.
marketing mix
marketing strategy
marketing success
marketing goals
Working very well in an environment where I can work with a team and collaborate together on projects. What type of management style is this?
horizontal management
vertical managment
top down management
soft management
Give me a project; let me work on it using my expertise; and I will get the job done by myself. What type of management style is this?
horizontal management
vertical management
bottom down management
My total wages earned for the period is $375.00. Another name for this type of wage is:
gross earnings
net earnings
matching deductions
voluntary deductions
I work out of my home. Which type of rider would I want to include in my business policy?
home-based
general liability
scripted policty
commercial policy
A type of advertisement that is usually hung up on walls or is handed to people individually is known as a what?
flyer
article
business card
When your costs of expenses and revenue are the same you are doing what
Breaking Even
Even Stevents
On Point
Of the 7 Ps of Marketing, which is used to collect data to show that your marketing strategy is effective?
Physical Environment
Price
People
Product
Place
Putting the right product or a combination thereof in the place, at the right time, and at the right price is called what?
Marketing Targeting
Marketing Mix
Niche Marketing
Products that can be touched
tangible
intangible
selling
labor
takes place in the retail market for costumers and businesses
selling
pricing
financing
labor
company credit card available to consumers
possession utility
information utility
labor
financing
manuals that explain their products
information utility
possession utility
financing
labor
