Marketing Management Review (MM)

Flashcard
•
Other
•
12th Grade
•
Hard
Wayground Content
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51 questions
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1.
FLASHCARD QUESTION
Front
What is an external factor that affects the business cycle? Money Supply, Climatic Changes, Aggregate Demand, Inventory Levels
Back
Climatic Changes
2.
FLASHCARD QUESTION
Front
What motivates a business owner to improve efficiency?
Back
Profits
3.
FLASHCARD QUESTION
Front
What is determined by counting the number of completed packages at a gift wrapping booth?
Back
Output
4.
FLASHCARD QUESTION
Front
Marketing functions involve interrelated activities to get goods and services from producers to:
Back
Consumers
5.
FLASHCARD QUESTION
Front
What increases gross domestic product? Options: Decreasing exports, Improving the use of resources, Reducing productivity, Purchasing fewer capital goods
Back
Improving the use of resources
6.
FLASHCARD QUESTION
Front
The point at which producers begin to make a profit on a product is known as: Total revenue marginal cost = producer surplus
Back
Surplus
7.
FLASHCARD QUESTION
Front
As the price of an item increases demand will:
Back
Decrease
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