DECA ICDC Entrepreneurship Exam Questions with Correct Answers
DECA ICDC Entrepreneurship Exam Questions with Correct Answers mental capacity to understand contract agreement and understand consequences of actions - Correct Answer capacity charged on certain goods by state/local governments. After collecting tax, pays government. - Correct Answer sales tax selling product from small vendor to large store, makes goods as available as possible - Correct Answer intensive marketing selling products through one or two distributors - Correct Answer selective marketing appeals to a smaller group of people - Correct Answer exclusive marketing providing services that consistently meet expectations of customers - Correct Answer brand promise brief statement of what a business owner wants the company to be like - Correct Answer mission statement increase in production, decrease in cost of goods, increase in output. Monopolies most likely to experiences - Correct Answer economies of scale start up business owner obtains money w/o debt (personal savings, family/friends) - Correct Answer private equity all functions necessary to keep a business running - Correct Answer business operations organizes workflow by geographic location - Correct Answer territory
Document information
- Uploaded on
- April 27, 2025
- Number of pages
- 18
- Written in
- 2024/2025
- Type
- Exam (elaborations)
- Contains
- Questions & answers
