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QuestionAnswer
a disadvantage of u.s. protectionism is: fewer choices and higher prices
what are the most commonly counterfeited items? blue jeans and athletic shoes
what occurs when imports exceed exports? trade deficit
goods sent out of a country are: exports
a tariff is: a tax
home shopping network and qcv are: television retailers
shops that sell unusual, limited quantity apparel, accessories, or decorative items are: botiques
production overruns and irregulars represent merchandise found in: off-price discount stores
a large-scale mss merchandiser that carries household items is: department store
minimal customer service, high sales volume, and extended operating hours are characteristics of: discount stores
what are the 3 economic resources? land, labor, and capital
what are consumers? people who use products
what are customers? people who buy products
What is an example of an entrepreneurship? business owners
when prices increases, demand usually: decreases
an example of demographic segmentation is: age, race, and gender
an example of psychographic segementation is: based on lifestyles & attitudes
geographic segmentation: based on where a person lives
behavioral segmentation: based on a person's response to a product
what is price? the cost of producing an item
Created by: brooklynsimme