DECA MTDM ICDC Exam Questions And Answers With Verified Solutions 2025
a channel conflict that occurs between different levels in a marketing channel, most typically between
the manufacturer and wholesaler or between the manufacturer and retailer - ✔✔vertical conflict
an agreement between two or more companies to share a business project - ✔✔joint venture
Rivalry between or among businesses that offer dissimilar goods or services - ✔✔Indirect Competition
the rivalry between two companies that offer similar products and services, acknowledge each other as
rivals, and act and react to each other's strategic actions - ✔✔Direct Competition
A newsletter, magazine, or other periodical that provides a certain trade or profession with information
(products, trends, or developments) relating to that trade or profession. - ✔✔trade journal
An invoice used as a source document for recording a sale on account - ✔✔sales invoice
A nonprofit financial institution that is owned by its members and organized for their benefit. -
✔✔credit union
Privately owned financial institutions that accept demand deposits and make loans and provide other
services for the public - ✔✔commercial banks
an institution designed to oversee the banking system and regulate the quantity of money in the
economy - ✔✔central bank
prices that buyers carry in their minds and refer to when they look at a given product - ✔✔reference
prices
a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats -
✔✔SWOT analysis
, a business owned and managed by a single individual - ✔✔Sole Proprietorship
law which allows a group of people to conduct business as a single unit, for
example a group ownership - ✔✔legal entity
A business owned by stockholders who share in its profits but are not personally responsible for its
debts - ✔✔corporation
The idea that all company employees can have an effect on the customers - ✔✔Total Company
Approach
an economic system combining private and public enterprise. - ✔✔mixed economy
economic system that allows individuals to pursue their own interests without undue governmental
restriction - ✔✔private enterprise
a business that is owned by the government rather than by individuals or other companies - ✔✔public
enterprise
A magazine or newsletter that focuses on a specific industry - ✔✔Industry Publication
nonprofit organization that promotes the interests of a particular industry - ✔✔trade association
nonprofit organization of local businesses whose purpose is to promote their interests - ✔✔Chamber of
Commerce
A situation in which consumer demand is sensitive to changes in price - ✔✔elastic demand
fund raising under the guise of research - ✔✔Frugging
a channel conflict that occurs between different levels in a marketing channel, most typically between
the manufacturer and wholesaler or between the manufacturer and retailer - ✔✔vertical conflict
an agreement between two or more companies to share a business project - ✔✔joint venture
Rivalry between or among businesses that offer dissimilar goods or services - ✔✔Indirect Competition
the rivalry between two companies that offer similar products and services, acknowledge each other as
rivals, and act and react to each other's strategic actions - ✔✔Direct Competition
A newsletter, magazine, or other periodical that provides a certain trade or profession with information
(products, trends, or developments) relating to that trade or profession. - ✔✔trade journal
An invoice used as a source document for recording a sale on account - ✔✔sales invoice
A nonprofit financial institution that is owned by its members and organized for their benefit. -
✔✔credit union
Privately owned financial institutions that accept demand deposits and make loans and provide other
services for the public - ✔✔commercial banks
an institution designed to oversee the banking system and regulate the quantity of money in the
economy - ✔✔central bank
prices that buyers carry in their minds and refer to when they look at a given product - ✔✔reference
prices
a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats -
✔✔SWOT analysis
, a business owned and managed by a single individual - ✔✔Sole Proprietorship
law which allows a group of people to conduct business as a single unit, for
example a group ownership - ✔✔legal entity
A business owned by stockholders who share in its profits but are not personally responsible for its
debts - ✔✔corporation
The idea that all company employees can have an effect on the customers - ✔✔Total Company
Approach
an economic system combining private and public enterprise. - ✔✔mixed economy
economic system that allows individuals to pursue their own interests without undue governmental
restriction - ✔✔private enterprise
a business that is owned by the government rather than by individuals or other companies - ✔✔public
enterprise
A magazine or newsletter that focuses on a specific industry - ✔✔Industry Publication
nonprofit organization that promotes the interests of a particular industry - ✔✔trade association
nonprofit organization of local businesses whose purpose is to promote their interests - ✔✔Chamber of
Commerce
A situation in which consumer demand is sensitive to changes in price - ✔✔elastic demand
fund raising under the guise of research - ✔✔Frugging
