refers to any item that intends to satisfy the needs and wants of a target customer. It can be a tangible good, such a clothing item or piece of software, or intangible, like a service or experience (think legal services or a cruise).

it involves both market data and careful calculations, as well as skillfully balancing between pricing that is too high or too low, and understanding how skewing either way might damage the brand.

refers to providing customers access to the product, and it also calls into play convenience for the customer.

It is the legal proprietor of a business. An individual or group that owns the assets of a firm and profits from them.

It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

It helps the manager to achieve the organization’s goals.

Which of the following is the first step in financial planning process.

a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

A legal form of business with two or more parties.

the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

He is best known for his theories on business cycles and the development of capitalist economies, and for introducing the concept of entrepreneurship.

A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors.

Corporation that is not allowed to issue stock to the public, so its shares are not listed on stock exchanges; it is limited to 50 or fewer shareholders.

Corporation that has the right to issue shares to the public, so its shares may be listed on a stock exchange.

Which of the following is not belong to the group?

Ideal for those interested in raising capital from investor who are not active in day-to-day duties.

Identify the market that has segment that has a need for the product in which you are advertising. Knowing who your audience is allows you to craft a message specifically for that market and make decisions on media allocations.

Your advertisement should educate your customers on the product, especially if it’s a new product on the market. The ad should encompass information with regard to the 3 P’s (Product, Price, and Place.

Most consumer decisions are memory based; therefore, companies must find ways to embed the products and services into the consumer’s mind.