Deca

What year was our chapter founded? Correct Answer: 2003 What are the names of our three marketing advisors? Correct Answer: Mrs. Talbot, Mrs. Daniels, and Mrs. Simmons Name one of our international finalist Correct Answer: Reed Reynolds and Lydia Thompson What is our mission? Correct Answer: DECA prepares emerging leaders and entrepreneurs in marketing, finance, hospitality, and management in high schools and colleges around the globe About how many students are in the high schoo...

Business plan Correct Answer: A proposal that describes every part of your new business to potential investors and financing agencies Business Research Correct Answer: Research that attempts to solve business problems related to long-range forecasting and future economic conditions Business Risk Correct Answer: The possibility of business loss or failure Buying behavior Correct Answer: the process individuals use to decide what they will buy and from where and whom they will buy it ...

Exclusive Distribution Correct Answer: Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems Correct Answer: The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Correct Answer: Business entities conduc...

Psychographic Correct Answer: This market segmenting involves studies of consumers based on their attitudes, lifestyles, and values. Demographic Correct Answer: This market segment refers to statistical data or information concerning a person's age gender income level occupation, etc Behavioral Correct Answer: This type of market segmentation is based on segmenting a market based on segmenting a market based on rate of use, shopping patterns or product benefits Geographic Correct An...

Which of the following is one of the main goals of law in the United States? Correct Answer: To Provide Justice Which of the following statements is true regarding joint ventures? Correct Answer: Joint venture arrangements are usually short-term relationships Which type of hotel security standard involves employing armed security guards in high-crime areas? Correct Answer: Personnel Related When discussing the number of intermediaries in a channel of distribution, we are talking abou...

Assess information needs Correct Answer: Relevance Improve Performance Make a difference Organizational problems Overall Goal (determine what training is relevant to your employees' jobs, determine what training will improve performance, determine if training will make a difference, distinguish training needs from organizational problems, and link improved job performance with the organization's goals and bottom line.) must include several data sets for comparison to brainstorm pro...

Time Management Correct Answer: a way to budget time so that all tasks can be accomplished Overhead costs Correct Answer: costs not directly related to the production or selling goods purchasing Correct Answer: preparing a plan and buying the goods that a business will use for production or resale project plan Correct Answer: written description that includes goals/objectives and how they will be achieved project management Correct Answer: managing specific activities of the bus...

Economics Correct Answer: The social science that examines how societies use scarce resources to meet people's needs and wants Free Enterprise System/Capitalist System Correct Answer: People are free to own and control businesses; U.S. is a free enterprise economy Market Economy Correct Answer: Decisions about what to produce, how, and for whom are decided by individuals acting in their own self-interest; individuals own and control the society's resources; Capitalist system with free...

Explain the nature of positive customer relations Correct Answer: Positive customer relations mindset is believing your customers deserve the very best, are your employers, deserve your focused attention, have the right to expect things of you, and have important problems and complaints. It yields benefit to the business, employees, and customers. Demonstrate a customer service mindset Correct Answer: Customer service it the process of ensuring customer satisfaction with a good or service. ...