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3.01-3.05
| Question | Answer |
|---|---|
| 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
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