Deca marketing Study guides, Class notes & Summaries

Marketing - ️️The dynamic activities that focus on the customer to generate a profitable exchange The Goal of Marketing - ️️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 Dynamic - ️️constantly changing Customer - ️️an individual or group who buys products Target Market - ️️The specific group of customers whose needs a company will focus on ...

DECA MARKETING CLUSTER EXAM PRACTICE TEST | QUESTIONS AND ANSWERS 2023 GRADED A+. When you look for supporting evidence in published materials, you are evaluating the A. timeliness of the content. C. margin of error. B. readability of the text. D. credibility of the sources. - d Listening carefully should enable employees to A. earn frequent raises. C. avoid criticism. B. become good speakers. D. follow directions. - d Sara is a new marketing employee who is learning that the best way ...

DECA MARKETING CLUSTER EXAM 2023 NEW UPDATE WRITTEN QUESTIONS AND ANSWERS

price fixing - ANSWER-illegal collusion/communication between firms eliminating competition price discrimination - ANSWER-different prices for different customers marketing research - ANSWER-process of collecting information to determine consumer preference, market size, competition, public image, buying cycles marketing information system - ANSWER-set of procedures and methods regularly used for information about markets database marketing - ANSWER-customer relationship management (...

DECA MARKETING CLUSTER EXAM PRACTICE TEST, QUESTIONS AND ANSWERS 2023 GRADED A+. Which of the following would not be considered an intermediary in a channel of distribution: A. Agent B. Retailer C. Producer D. Wholesaler - c 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 ty...

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. - correct answer 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 - correct answer b Channels of distribution benefit businesses by A. lowering the pric...

A primary responsibility of administrative law is to... - ANSWER-enforce agency regulations What distribution method is best for a manufacture to use when the product us complex and is difficult to install and repair? - ANSWER-exclusive When a retailer follows up with a vendor ti verify that an individual order shipped on time, it is - ANSWER-facilitating customer service Kendra owns a small business that sells handmade quilts to residents and tourist in her community. What type of dist...

C - correct answer Which of the following is an example of a voluntary debtor-creditor relationship: A. Requiring specific information B. Receiving a monetary gift C. Obtaining a loan from a bank D. Owing punitive damages B - correct answer Every channel of distribution begins with the __________ and ends with the user or consumer. A. intermediary B. producer C. retailer D. agent D - correct answer How does implementing an electronic data interchange (EDI) system benefit businesses...

DECA Marketing Questions and Answers 100% Pass Marketing The dynamic activities that focus on the customer to generate a profitable exchange The Goal of Marketing 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 Dynamic constantly changing Customer an individual or group who buys products Target Market The specific group of customers whose needs a company will focus on s...

DECA Marketing Exam Questions with All Correct Answers Bait and Switch Advertising - Answer-Promoting a low-priced item to attract customers to whom the business then tries to sell a higher priced item. (Too good to be true) business franchise - Answer-a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area channel of distribution - Answer-the route a product follows and the businesses involve...