Discuss the below:
1 The _____ is the business entity in a franchise relationship that allows others to operate a business using resources it supplies in exchange for money and other considerations
2 _____ is the contractual relationship in which an established firm supplies another business with unique resources in exchange for payment and other considerations.
3 The party in a franchise relationship that pays for the right to use resources supplied by another business entity is known as the
4 A nonprofit corporation enjoys the benefit of
5 From the standpoint of an owner, a major advantage of the sole proprietorship is the:
6 A company must register as a foreign corporation if they
7 Not all corporations are large. In recent years, about 24 percent of corporations have reported less than _____ in total sales revenue.
8 The federal government runs a budget deficit when its
9 Changes in the PPI can predict changes in the Consumer Price Index (CPI) because
10 An economic system is a structure for
11 In _____, many firms compete by selling differentiated products.
12 In the broadest sense, economics studies the choices that
13 The amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services, measures economic
14 _____ are people willing to take the risk of starting, owning, and operating a business.
15 The majority of new small business owners rely heavily on _____ to finance their start-ups.
16 For research purposes, the Small Business Administration (SBA) defines small business as companies with up to _____ employees.
17 _____are small segments within a market that can offer profit potential to entrepreneurs who know how to serve them.
18 _____ provide funds to small businesses with high growth potential in exchange for a share of ownership in the company.
19 A(n) _____ is a formal document that describes a business concept and outlines the core business objectives while detailing the strategies and timelines for achieving those objectives.
20 Nonprofit organizations are not in the business of
21 _____ refers to the quality and quantity of products and goods available to a population at a given time.
22 The hard sell or aggressive persuasion designed to separate consumers from their cash emerged during the
23 The four major categories of factors of production are
24 In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a
25 Natural resources include
1 According to the textbook, using scanner data from retail sales is an example of
2 _____ is the process of continually collecting information from the external marketing environment.
3_____ refers specifically to how people act when buying goods and services for personal consumption.
4 The successful marketing campaign "What happens in Vegas stays in Vegas" is an example of
5 _____ describes how people act when buying products to use directly or indirectly to produce other products.
6 The two main approaches used in primary marketing research are
7 A product _____ is a group of products offered by a firm that are closely related to each other, either in terms of how they work, or the customers they serve.
8_____ integrates advertising of branded products into interactive games.
9 As a distinctive concept attached to one particular product, the _____ is a phrase that is typically based on either a rational or an emotional premise.
10 _____ consist(s) of small ticket items that businesses consume on an ongoing basis but are not needed to develop a final product.
11 Sponsorships are one of the
12 _____ is the paid integration of branded products in movies and on television.
13 One characteristic of good business writing is that it
14_____ refers to a negative preconception or prejudice directed toward a specific group
15 People normally think at the rate of _____ which is significantly _____ words per minute than they can listen.
16 When delivering a presentation, it is critical to grab the attention of the audience in the beginning with a hook. Which of the following is NOT an effective hook?
17_____ uses state-of-the-art equipment to provide people in a variety of locations the opportunity to participate interactively in a presentation, while providing a high degree of channel richness.
18 Listening is a critical factor, but many have a hard time completely engaging in active listening. The primary reason for this lack of engagement stems from
19 Jason was having even more trouble than usual concentrating on his economics professor's lecture because the classroom was too hot and the chair he was sitting in was uncomfortable. The heat and uncomfortable chair are both _____ barriers to communication.
20 _____ offer goods to business customers. These business customers are too small to merit a sales call from the distributor's representative.
21 _____ is the method used to determine the number of units a firm must sell at a specific price to cover all costs.
22 _____ takes legal possession of the goods being distributed, while _____ do not take title of the goods.
23 Companies like McDonald's, who place their stores in as many location as possible, are using a strategy called
24 The career field called _____ involves planning and coordinating the flow of goods-from the raw materials to the final consumers.
25 _____ is the positive difference between revenue and costs.