click below
click below
Normal Size Small Size show me how
2-Mills-MKTG1
marketing review
Question | Answer |
---|---|
What is product? | good, service, idea |
What is price? | cost, markup, profit |
What is promotion? | inform, persuade, remind |
What is place distribution? | moving product, logistics |
Wi-Fi is what form of exchange? | service exchange |
What is free enterprise? | competition, freedom of choice, ownership |
A planned economy is most like what? | communism |
Describe a monopoly. | illegal, highly regulated, no competitors |
GDP stands for what? | Gross Domestic Product |
Surplus happens when there is a what? | excess supply |
Shortages happen when there is a what? | excess demand |
Demographics include what? | age, income, religion |
Psychographics include what? | values, interest, attitudes |
Geographical information includes what? | climate, region, state |
Primary data is collected by whom? | you |