Deca marketing Study guides, Class notes & Summaries

DECA Marketing Communications Practice Test with Compete Solutions A business owned by two or more persons who have unlimited liability is called a - Answer-general partnership. a business report about the specific market share of computer manufacturers during a particular time frame - Answer-In 2014, Hewlett-Packard held 27.6 percent of the market share, followed by Dell, which held 24.3 percent. The best way for Melissa to determine if her company will pay the tuition for the class ...

DECA Marketing Vocabulary with Complete Solutions 100% Correct Marketing - Answer-the processes of communicating the value of and connecting a product or service to customers/clients/partners and society SWOT analysis - Answer-A chart that businesses use to analyze and plan their companies by identifying their Strengths, Weaknesses, Opportunities, and Threats. Marketing Mix (4 P's of Marketing) - Answer-Price, Place (distribution), Promotion, Product. These are parameters the marketer...

DECA Marketing Communications Exam Questions with All Correct Answers Marketing - Answer-process of planning, pricing, promoting, selling, and distributing ideas, goods, or services to create exchanges that satisfy customers utility - Answer-The added value in economic terms market share - Answer-percentage of the total sales volume generated by all companies that compete in a given market. industrial market - Answer-business-to-business (B-to-B) market includes all businesses that ...

The purpose of legal procedure is to ensure that each party receives A. ongoing advice. B. consistent treatment. C. a reasonable verdict. D. an indictment. b Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples of which of the following types of business ownership: A. Franchisee B. Corporation C. Partnership D. Sole proprietorship b Channels of distribution benefit businesses by A. lowering the prices of all industrial goods....

DECA MARKETING CLUSTER EXAM PRACTICE TEST, QUESTIONS AND ANSWERS 2023 GRADED 100%. The negative effect of slotting fees is that they often limit a small producer's ability to A. introduce new items in the marketplace. C. use direct-distribution strategies. B. develop exclusive-dealing policies. D. identify potential target markets. - a What type of channel conflict often occurs between manufacturers and their authorized dealers? A. Corporate C. Indirect B. Horizontal D. Vertica - d ...

Exclusive Distribution - 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 - 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 - Answer- Business entities conducting business electro...

DECA Marketing cluster exam solved 100% correct!!

DECA Marketing Test Questions with Correct Answers Marketing - Answer-"The dynamic activities that focus on the customer to generate a profitable exchange" (Page 5) The Goal of Marketing - Answer-"To meet customers' needs (goods and services you need) and wants (goods and services you do not need but would like to have) with products that customers can and will buy" (Page 5) Dynamic - Answer-"constantly changing" (Page 5) Customer - Answer-"an individual or group who buys prod...

Exclusive Distribution - 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 - 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 - Answer-Business entities conducting business electronica...