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WorksheetsBus-Quiz-8th-3
Total questions: 35
Worksheet time: 41mins
How many words should be on a Billboard?
7-10
No more than 10
7 or less
5 or less
An effective Billboard should include________
Many colors
A combination of words and images
Animations
Only words
An effective internet Pop-up ad should have________
Very bright colors
The same image over and over
Different versions each time
Different colors each time
An internet pop-up ad should change the format and message but should NOT change the ____________
Colors
Message
Shape
Position
A business card that you give your potential customers should always have_________
Your Picture
all your products and prices
Glitter sprinkled all over
Your business contact information
A business card should use both sides in order to give as much information as possible.
True
False
Sometimes
Business cards only have one side
List the 4 P's of Marketing
How much time does the average person have to read your billboard as they pass by?
1 second or less
10 seconds
5 seconds
They usually stop and finish reading
Your Store Flyer that will be mailed to your customers should include what information?
Contact Information
Product list and Prices
Business name and Logo
All of these things should be included.
What is the pricing strategy where your prices are marked very high, to give the sense that you are selling trendy, high end merchandise?
Price Skimming
Psychological Pricing
Premium Pricing
Loss Leader
The Pricing Strategy where you sell some items below what you paid for them, in order to attract buyers to your store and purchase other things while they are there.
Premium Pricing
Loss Leader
Price Skimming
Psychological Pricing
If you price your goods with big discounts and flashy marks showing new lower prices, then you are using what pricing strategy?
Premium Pricing
Loss Leader
Psychological Pricing
Price Skimming
What pricing model would you recommend for a business who wanted to have similar, but maybe a little lower prices than their competitors?
Price Skimming
Price Adjusting
Loss Leader
Psychological Pricing
List at least 3 things that you should know about your target market customers.
Which is something that should be included in your Target Market Research?
Income amounts of local residents
Area Demographics
Local Industry where people work
All should be part of your Target Market Research
What Pricing Strategy does Gucci or Mercedes use to sell their products?
Loss Leader
High End
Premium Pricing
Psychological Pricing
Walmart uses more than one pricing strategy. List the ones you can think of and put at least ONE example of the product beside it.
(Example) - (Loss Leader Pricing - .99 cent paper)
Getting a Haircut is an example of paying for a______
Good
Product
Service
Transaction
How are Consumers & Customers Alike? How are they Different?
What is an example of Competition for Mcdonalds?
Apple
Burger King
Gucci
Walmart
Which is an example of a Need?
Car
Matress
Clothes
Phone
How many owners does a Sole-Proprietorship have?
1
More than 1
none, it is owned by the public
10 or more shareholders
Non-Profit businesses do not seek to make money. If they do not try to make money then what do you think the "profit" ends up being from their work? (Explain in a few sentences)
Who owns a corporation?
The Board of Directors
The CEO
The Banks
The Shareholders
Which of the following is NOT a function of business?
Marketing
Management
Promotion
Information Technology. (IT)
What type of legal protection would you need for a new song you produced?
Copyright
Patent
Trademark
none of these
What type of legal protection would you need to secure a new invention or design you made for a product?
Copyright
Patent
Trademark
none of these
What type of legal protection would you need to protect your business logo?
Copyright
Patent
Trademark
none of these
The stage in the Entrepreneurial where you are actually running the business?
Discovery
Concept Development
Actualization
Harvesting
The stage in the entrepreneurial process when you reflect and decide how to proceed?
Discovery
Resourcing
Actualization
Harvesting
The stage in the entrepreneurial process where you gather up needed money and people to make your business idea work.
Discovery
Resourcing
Actualization
Harvesting
The Stage in the Entrepreneurial process where you are getting ideas to see what is possible for you to start doing to make money.
Discovery
Concept Development
Actualization
Harvesting
The Stage in the Entrepreneurial process where you would make a business plan in order to get your thoughts organized.
Discovery
Concept Development
Actualization
Harvesting
In your own words, describe what it means to be an ethical person.
Give 3 brief examples of having ethical behavior in the workplace.
