Business Essentials Semester Exam Review

Front

What are the 4 P’s of Marketing?

Back

Place, price, product, and promotion

Front

What is a perk to starting a Franchise?

Back

Much of the work needed to launch a business idea has already been done; In cases, financing may be easier to secure; Not as much, if any, experience is needed to start.

Front

What is information technology?

Back

The use of any computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data.

Front

Advertisements do not use persuasive techniques to help catch their target audience’s attention.

Back

False

Front

Social media is becoming a more popular way to advertise and promote products and services.

Back

True

Front

It is smart for partnerships to have a legal agreement.

Back

True

Front

All Entrepreneurs are successful.

Back

False

Front

Consumers wants and needs never change.

Back

False

Front

A business does not need to worry about continually improving the value it creates for consumers and society.

Back

False

Front

Businesses must make profit if they want to stay up and running

Back

True