AMA PCM 2025/2026 ANSWERS AND QUESTIONS GRADED
A+
✔✔Extranet - ✔✔A network configuration that allows selected outside organizations to
access internal information systems
✔✔Federal Communications Commission (FCC) - ✔✔Government institution
responsible for regulating all non-Federal Government use of the radio spectrum
✔✔Federal Trade Commission (FTC) - ✔✔A government agency established in 1914 to
prevent unfair business practices and help maintain a competitive economy.
✔✔Generation X (or Baby Busters) - ✔✔Group of people born roughly between the
years of 1965 and 1980.
✔✔Generation Y - ✔✔1981 - 2001; Nexters; the Internet began, era of technology,
smaller cell phones, MP3 Players, CD and DVD players; generation of tolerance,
socially conscious, high level of volunteerism
✔✔Generic Competitors - ✔✔Firms that provide very different products that solve the
same problem or satisfy the same basic customer need
✔✔Gross Income - ✔✔the total amount of income from wages before any payroll
deductions
✔✔Income - ✔✔Money earned from investments and employment.
✔✔Inflation - ✔✔A decline in the value of money, accompanied by a rise in the prices of
goods and services.
✔✔Intranet - ✔✔An internal network similar to the Internet that is accessible only by
authorized personnel; used to access
✔✔Market Development Strategy - ✔✔A growth strategy that employs the existing
marketing offering to reach new market segments, whether domestic or international.
✔✔Market Penetration Strategy - ✔✔A growth strategy that employs the existing
marketing mix and focuses the firm's efforts on existing customers.
✔✔Marketspace - ✔✔An information- and communication-based electronic exchange
environment occupied by digitized offerings.
A+
✔✔Extranet - ✔✔A network configuration that allows selected outside organizations to
access internal information systems
✔✔Federal Communications Commission (FCC) - ✔✔Government institution
responsible for regulating all non-Federal Government use of the radio spectrum
✔✔Federal Trade Commission (FTC) - ✔✔A government agency established in 1914 to
prevent unfair business practices and help maintain a competitive economy.
✔✔Generation X (or Baby Busters) - ✔✔Group of people born roughly between the
years of 1965 and 1980.
✔✔Generation Y - ✔✔1981 - 2001; Nexters; the Internet began, era of technology,
smaller cell phones, MP3 Players, CD and DVD players; generation of tolerance,
socially conscious, high level of volunteerism
✔✔Generic Competitors - ✔✔Firms that provide very different products that solve the
same problem or satisfy the same basic customer need
✔✔Gross Income - ✔✔the total amount of income from wages before any payroll
deductions
✔✔Income - ✔✔Money earned from investments and employment.
✔✔Inflation - ✔✔A decline in the value of money, accompanied by a rise in the prices of
goods and services.
✔✔Intranet - ✔✔An internal network similar to the Internet that is accessible only by
authorized personnel; used to access
✔✔Market Development Strategy - ✔✔A growth strategy that employs the existing
marketing offering to reach new market segments, whether domestic or international.
✔✔Market Penetration Strategy - ✔✔A growth strategy that employs the existing
marketing mix and focuses the firm's efforts on existing customers.
✔✔Marketspace - ✔✔An information- and communication-based electronic exchange
environment occupied by digitized offerings.
