DECA 2025 ICDC ENT terms Questions And Answers With Verified Solutions 2025
All channel members work together as a unified group to satisfy consumer needs. - ✔✔Vertical
marketing system
company obeying all of the legal laws and regulations - ✔✔Compliance
Has most power and influence in doing so. By respecting their employees, demonstrating organizational
values, and communicating the importance of good customer service. - ✔✔Company management's
role in creating a culture of customer service
Indirect taxes charged on specific goods such as gasoline or alcohol. - ✔✔Excise taxes
Benefits all parties involved. - ✔✔Strategic relarionship
understanding or measuring verbal or nonverbal communication messages (or the exchange of
information between a sender and a receiver) - ✔✔Relational analysis
type of company or organization that is owned by a small group of people, without shares traded on a
stock market - ✔✔Private partnership
Company's overall plan on how to operate and achieve profitability. - ✔✔Business model
Unethical sales practice involving participants recruiting other people to buy into the scheme with the
promise of future monetary gain. - ✔✔Pyramid scheme
Phase of entrepreneurial process where entrepreneur identifies a new product/service to offer to the
market for profit. There must be a market of consumers willing to pay for it. - ✔✔Entrepreneurial
discovery
Encouraged and accepted. - ✔✔During a brainstorming process, all ideas should be. . .
, Section of business plan that focuses on defining the market and how to reach them. - ✔✔Market
analysis
affluent individual who invests personal funds and provides capital for a business start-up, usually in
exchange for convertible debt or ownership equity. - ✔✔Angel investors
outside firms who go and find candidates for employers - ✔✔Recruiting agency
website that provides job listings and allows users to post resumes - ✔✔Job board
organization which matches employers to employees.
private or government-run and can place people in a range of positions from unskilled labor to executive
- ✔✔employment agency
early investments usually made in growth companies by organisations who pool the funds from
individuals, corporations.
take an active part by representing part of the board of directors of the investment firm, recruiting
senior management and advising the top management in their strategic decisions. - ✔✔venture capital
investment
Also called headhunters, executive search firms focus solely on high-level jobs in the corporate and legal
sector - ✔✔executive search
focus on jobs below the corporate level. These agencies search for your administrative assistants,
middle managers, factory workers and even maintenance staff. They usually fill temporary openings
staffing agencies tend to have an existing pool of workers they can pull from as needed, rather than
searching for a new candidate for each opening.
All channel members work together as a unified group to satisfy consumer needs. - ✔✔Vertical
marketing system
company obeying all of the legal laws and regulations - ✔✔Compliance
Has most power and influence in doing so. By respecting their employees, demonstrating organizational
values, and communicating the importance of good customer service. - ✔✔Company management's
role in creating a culture of customer service
Indirect taxes charged on specific goods such as gasoline or alcohol. - ✔✔Excise taxes
Benefits all parties involved. - ✔✔Strategic relarionship
understanding or measuring verbal or nonverbal communication messages (or the exchange of
information between a sender and a receiver) - ✔✔Relational analysis
type of company or organization that is owned by a small group of people, without shares traded on a
stock market - ✔✔Private partnership
Company's overall plan on how to operate and achieve profitability. - ✔✔Business model
Unethical sales practice involving participants recruiting other people to buy into the scheme with the
promise of future monetary gain. - ✔✔Pyramid scheme
Phase of entrepreneurial process where entrepreneur identifies a new product/service to offer to the
market for profit. There must be a market of consumers willing to pay for it. - ✔✔Entrepreneurial
discovery
Encouraged and accepted. - ✔✔During a brainstorming process, all ideas should be. . .
, Section of business plan that focuses on defining the market and how to reach them. - ✔✔Market
analysis
affluent individual who invests personal funds and provides capital for a business start-up, usually in
exchange for convertible debt or ownership equity. - ✔✔Angel investors
outside firms who go and find candidates for employers - ✔✔Recruiting agency
website that provides job listings and allows users to post resumes - ✔✔Job board
organization which matches employers to employees.
private or government-run and can place people in a range of positions from unskilled labor to executive
- ✔✔employment agency
early investments usually made in growth companies by organisations who pool the funds from
individuals, corporations.
take an active part by representing part of the board of directors of the investment firm, recruiting
senior management and advising the top management in their strategic decisions. - ✔✔venture capital
investment
Also called headhunters, executive search firms focus solely on high-level jobs in the corporate and legal
sector - ✔✔executive search
focus on jobs below the corporate level. These agencies search for your administrative assistants,
middle managers, factory workers and even maintenance staff. They usually fill temporary openings
staffing agencies tend to have an existing pool of workers they can pull from as needed, rather than
searching for a new candidate for each opening.
