DECA

DECA Test Terms 2023 with complete solution;From; Marketing, Sports and entertainment marketing, Customer Service, Business Management, Business law, Business Communications, and DECA practice tests Psychographic This market segmenting involves studies of consumers based on their attitudes, lifestyles, and values. Demographic This market segment refers to statistical data or information concerning a person's age gender income level occupation, etc Behavioral This type of market segmenta...

Deca Entrepreneurship Exam 2023 with complete solution Sovereign Community A legal concept stating that the courts in a country represent the country's laws, and their decisions cannot be reversed by the decision of courts in other countries. Legal concept that affects foreign countries Eminent Domain the right of a government or its agent to take away private property for public use, with payment of compensation. Absolute privilege An absolute defense to an otherwise defamatory stat...

DECA Practice Exam Questions and Answers with complete solution A developer proposed a technological improvement to a product you sell. In his proposal, he tells you this improvement betters the product because it makes it safer for the customer to use it. Because of this, customer injuries should decrease. He tells you the value added to the product because of this new technology is substantial. What question should you ask to further make sure this technological advancement makes your pr...

DECA Marketing cluster exam 2023 with complete solution Exclusive Distribution 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 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 Business entities...

DECA Business Administration Core Exam 2023 Actual Test with complete solution Franchise a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand demand that changes according to changes in price Inelastic Demand demand that is not affected by changes in price. Unitary Demand when sales remain the same bec...

DECA Principles Test 2023;Study for first year DECA tests with complete solution Limited liability is a characteristic of what form of business ownership? A. Sole proprietorship B. Partnership C. Corporation D. Joint proprietorship C. Corporation Where are you most likely to read relevant, valid information about federal legislation such as copyright law? A. Online discussion forums B. Government publications C. Search engines D. Political blogs B. Government Publications What ty...

DECA Finance Exam 2023 with complete solution debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. - Man...

DECA Marketing cluster exam 2023 with complete solution

DECA Finance Exam 2023 with complete solution

Psychographics - ANSWER-lifestyle choices, behavior, or personality characteristics Demographics - ANSWER-the distribution of human population groups Geographics - ANSWER-segmentation of the market based on where people live Place Utility - ANSWER-the usefulness of a good or service as a function of the location at which it is made available Form Utility - ANSWERPossession Utility - ANSWER-the exchange of a product for money Equity Financing - ANSWER-arranging funding by selling ownership ...