DECA Principles of Business Management Answered Correctly 2025

DECA Principles of Business
Management Answered Correctly 2025
Psychographics CORRECT ANSWERS lifestyle choices, behavior, or personality
characteristics

Demographics CORRECT ANSWERS the distribution of human population groups

Geographics CORRECT ANSWERS segmentation of the market based on where
people live

Place Utility CORRECT ANSWERS the usefulness of a good or service as a function of
the location at which it is made available

Form Utility CORRECT ANSWERS

Possession Utility CORRECT ANSWERS the exchange of a product for money

Equity Financing CORRECT ANSWERS arranging funding by selling ownership shares
in the company, publicly or privately

Liquidation CORRECT ANSWERS business brought to an end

Secured Credit CORRECT ANSWERS loans secured by the assets of your business,
personal assets, or both

Zoning CORRECT ANSWERS to divide a city into sections for different purposes

Employer Identification Number CORRECT ANSWERS A number assigned to an
employer for the purpose of identification of tax accounts

Due Dilligence CORRECT ANSWERS reasonable steps taken by a person in order to
satisfy a legal requirement, especially in buying or selling something

Working Capital CORRECT ANSWERS the difference between current assets and
current liabilities, used in day-to-day trading operations

Venture Capital CORRECT ANSWERS capital invested in a project in which there is a
substantial element of risk, typically a new or expanding business

Joint Venture CORRECT ANSWERS

Patent CORRECT ANSWERS exclusive rights over an invention