AGEC 371: Exam #2 questions and
answers graded A+ updated
Sales Promotion: - correct answer ✔✔Special offers to motivate customers
Market Segmentation: - correct answer ✔✔Classifying customers into categories
Cost of goods sold: - correct answer ✔✔Total cost to the business of goods actually sold during
a time period
Pricing Strategies: - correct answer ✔✔Penetration, discount, prestige, skimming
Marketing: - correct answer ✔✔Process by which products flow from producers to consumers
Value Bundle: - correct answer ✔✔Set of tangible and intangible benefits
Product life cycle: - correct answer ✔✔Development, introduction, growth, maturity, decline
Profit: - correct answer ✔✔Total Revenue minus total cost
Ratio Types: - correct answer ✔✔Liquidity, Solvency, Efficiency
Income Statement - correct answer ✔✔Summarizes firm's revenue, expenses, and profit
answers graded A+ updated
Sales Promotion: - correct answer ✔✔Special offers to motivate customers
Market Segmentation: - correct answer ✔✔Classifying customers into categories
Cost of goods sold: - correct answer ✔✔Total cost to the business of goods actually sold during
a time period
Pricing Strategies: - correct answer ✔✔Penetration, discount, prestige, skimming
Marketing: - correct answer ✔✔Process by which products flow from producers to consumers
Value Bundle: - correct answer ✔✔Set of tangible and intangible benefits
Product life cycle: - correct answer ✔✔Development, introduction, growth, maturity, decline
Profit: - correct answer ✔✔Total Revenue minus total cost
Ratio Types: - correct answer ✔✔Liquidity, Solvency, Efficiency
Income Statement - correct answer ✔✔Summarizes firm's revenue, expenses, and profit
