FBLA Marketing UPDATED Exam
Questions and CORRECT Answers
People who are self sufficient - CORRECT ANSWER - Do not rely on others
When people did not have products on hand to exchange they could obtain products -
CORRECT ANSWER - With money
The accounting and finance function includes - CORRECT ANSWER - Developing budgets
In the early part of the 20th century, the primary way to sell more products was - CORRECT
ANSWER - To be able to deliver them to a larger number of customers
Marketing assists in international trade by - CORRECT ANSWER - Determining where
products can be sold
Unlimited wants and needs, combined with limited resources, resulting in - CORRECT
ANSWER - Scarcity
In which type of economic system does the government attempt to own and control important
resources and make the decisions about the about what will be produced and consumed... -
CORRECT ANSWER - Controlled economy
All of the consumers who will purchase a particular product or service comprise a(n)... -
CORRECT ANSWER - Economic market
The demand curve for a business in a purely competitive market... - CORRECT ANSWER -
Appears straight
The demand curve for a business in a monopoly... - CORRECT ANSWER - Appears straight
, Changes in the tangible parts of a product or service affect a product's... - CORRECT
ANSWER - Form utility
The earliest use of marketing was - CORRECT ANSWER - To move products from the
producer to the consumer
Prices can be changed by - CORRECT ANSWER - Allowances
The most difficult type of competition businesses face is a market in which they compete with
other businesses offering - CORRECT ANSWER - Similar products
Many of the marketing functions during the distribution process are provided by - CORRECT
ANSWER - Channel members
Information about consumers that will help a business make effective marketing decisions
includes - CORRECT ANSWER - Product purchases
Information developed from activities that occurred within your organization is known as -
CORRECT ANSWER - Internal information
Internal information that can help you make decisions can be found in - CORRECT
ANSWER - marketing plans.
performance information.
customer records and sales information
For managers and other decision-makers, the most important part of a marketing information
system is the - CORRECT ANSWER - output
Questions and CORRECT Answers
People who are self sufficient - CORRECT ANSWER - Do not rely on others
When people did not have products on hand to exchange they could obtain products -
CORRECT ANSWER - With money
The accounting and finance function includes - CORRECT ANSWER - Developing budgets
In the early part of the 20th century, the primary way to sell more products was - CORRECT
ANSWER - To be able to deliver them to a larger number of customers
Marketing assists in international trade by - CORRECT ANSWER - Determining where
products can be sold
Unlimited wants and needs, combined with limited resources, resulting in - CORRECT
ANSWER - Scarcity
In which type of economic system does the government attempt to own and control important
resources and make the decisions about the about what will be produced and consumed... -
CORRECT ANSWER - Controlled economy
All of the consumers who will purchase a particular product or service comprise a(n)... -
CORRECT ANSWER - Economic market
The demand curve for a business in a purely competitive market... - CORRECT ANSWER -
Appears straight
The demand curve for a business in a monopoly... - CORRECT ANSWER - Appears straight
, Changes in the tangible parts of a product or service affect a product's... - CORRECT
ANSWER - Form utility
The earliest use of marketing was - CORRECT ANSWER - To move products from the
producer to the consumer
Prices can be changed by - CORRECT ANSWER - Allowances
The most difficult type of competition businesses face is a market in which they compete with
other businesses offering - CORRECT ANSWER - Similar products
Many of the marketing functions during the distribution process are provided by - CORRECT
ANSWER - Channel members
Information about consumers that will help a business make effective marketing decisions
includes - CORRECT ANSWER - Product purchases
Information developed from activities that occurred within your organization is known as -
CORRECT ANSWER - Internal information
Internal information that can help you make decisions can be found in - CORRECT
ANSWER - marketing plans.
performance information.
customer records and sales information
For managers and other decision-makers, the most important part of a marketing information
system is the - CORRECT ANSWER - output
