Which of the 4P's of the Marketing Mix does this represent: $220.00

Which of the 4P's of the Marketing Mix does this represent: Hibbett

Which of the 4P's of the Marketing Mix does this represent: Buy One Get One FREE

A group of individuals with similar traits who might purchase a particular product & you are aiming your product towards:

The Promotional Mix has 6 Elements, which of the following are the correct 6 elements for the Promotional Mix

You just purchased a new iPhone 11 and the sales person shows you a great case for your new phone. What selling step is the sales person using?

Finding and Qualifying Sales Leads

Preparing for a Sales Call

Simplifying the Product

Making the Sales Call

Closing the sale and Follow Up

What step listed above is NOT a correct step for the selling process?

Salary income requires a person to only work 40 hours a week

Hourly workers do not get paid overtime if they work over 40 hours in a week

An Amount of compensation paid based on the volume of products or services that a salesperson sells, usually a percentage of the total of monetary value of the products/services sold.

EX: Bob gets a 10% ______________ for every sell he makes. Bob sales $100 Outdoor Umbrellas for Patios. Bob sold 100 Outdoor Patio Umbrellas last month, for a total of $10,000 in sales. Bob made $1000 in ______________.

A Specific Geographical Area for Which a Salesperson is Responsible, such as a City, County, State, or Region.

What is an expense?

Which of the following is an example of a fixed expense?

Which of the following is an example of a variable expense?

What is an acronym to remember the common fixed costs?

Break Even =

A financial document that shows how much a company makes and spends over a given period of time.

A financial document where a business records assets and liabilities.

January 1 to December 31st is a ____________ _________

A 12 moth accounting period that can be started in any month and day and ended in any month and day, but most be considered equal to 1 year.

Income statement done at the end of each year for a business would be doing this statement for what type of time period?

Anything of value is _____________

Anything you owe for, like bills each month would be _____________

The value of your business on a specific day would be your ____________

The major source of debt financing is a(n)

A person who helps you get a loan for something, like starting a new business, a car, a house is called a ___________?

The items you spend your money on

If your tire blows out on your car, which expense would most likely pull from?

Insurance manages risks by transferring it from the business owner to the __________________

__________________ insurance protects a business’s possessions in the event of fire, theft, or damage from the weather. A basic policy could cover the building, its furnishings, and the equipment, supplies, cash, and inventory stored there or offsite.

__________________ insurance eases some of those concerns by providing protection when a business’s action, or lack of action, injures another party.

__________________ insurance covers losses to employees due to job- related injury or illness. It’s no-fault insurance, meaning it pays regardless of who is responsible.

A written contract between the insurer and the policyholder.

The details of a policy and the protection provided

The amount of money the person or business that is

insured by the policy pays for coverage.

The amount the insured must first pay before the insurance

company is required to chip in.

The possibility of loss.

Risk that holds the possibility of either gain or loss.

The chance of loss with no chance of gain.

Shifting risk to another party.

Violating the rights provided by a copyright or patent.

Failure to carry out the conditions of a contract.

An order for the violator to stop the illegal activity, such as selling purses printed with a company’s trademark without that company’s permission.

A written contract in which a property owner gives temporary use of that property to another party.

Agreements that include the service provided

An agreement that includes the selling price of the product(s) sold and how it/they will be paid for along with date and location of the sale.

Any information that a business or individual keeps confidential to gain advantage over competitors.

Protection can be obtained for the invention or discovery of any new and useful process or the improvement to existing products and processes.

The exclusive right to perform, display, copy, or distribute an artistic work.