DECA QUIZ BOWL 50-100 QUESTIONS AND ANSWERS ALREADY PASSED

DECA QUIZ BOWL 50-100 QUESTIONS AND ANSWERS ALREADY PASSED What type of goods and services are used by all people and cannot be withheld from the ones who didn't help to pay for them? Public What type of government policy sets levels of government spending and taxation? Fiscal A country's arrangement for making and enforcing laws is known as Government In what type of command economic system does the government control the economic system and not allow private ownership of the means of production and distribution? Communist The goods and services that are produced as the result of combining inputs are known as Outputs What can be determined by dividing outputs by inputs? Productivity The philosophy that customer needs and wants should be the basis for business decision making is the Marketing Concept What marketing function involves conducting a market analysis? Marketing-Information Management What marketing function is concerned with the transportation and storage of goods? Distribution What marketing function is concerned with the selection of advertising techniques? Promotion What type of distribution channel involves the use of intermediaries? Indirect What is the simplest and most common type of partnership? General The absorption of one company by another company is known as a Merger Many McDonald's restaurants are franchises that are independently owned and operated. This type of franchise agreement is a Business-Format The creation of economic goods and services from economic resources defines term Production What type of intermediary assists with the sale/promotion of goods and services but do NOT buy them from the producer? Agents What is the direct distribution channel for industrial goods, Producer to Industrial User The plans of action for achieving marketing goals and objectives are known as Marketing Strategies What marketing element refers to what goods, services, or ideas a business will offer its customers? Product What term is associated with the specific