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Stack #4592040
| Question | Answer |
|---|---|
| What is a key difference between hard skills and soft skills? | Hard skills are job-specific technical abilities; soft skills relate to how you work with others. |
| What demonstrates a growth mindset? | “If I keep practicing, I can get better at public speaking.” |
| What term describes the ability to adjust to new situations and challenges? | Adaptability |
| What is the purpose of a SWOT analysis in marketing? | To identify internal and external factors affecting a business. |
| Demographic segmentation divides a market based on: | Personal characteristics like age, gender, and income |
| Which of the following is NOT one of the 4 Ps of the Marketing Mix? A. Price B. Promotion C. Planning D. Product | Planning |
| A business that reinvests profits into its mission of a social cause instead of distributing them to owners is a: | Non-profit organization |
| What term refers to the practice of exposing unethical or illegal activities within an organization? | B. Whistle blowing |
| What is the primary difference between a corporation and a sole proprietorship? | A corporation offers limited liability to its owners. |
| What economic system is based on supply and demand with limited government intervention? | Mixed economy |
| What term describes a period when the economy is shrinking and unemployment is rising? | Recession |
| What is the term for the total value of all goods and services produced in a country in one year? | GDP |
| What is a fixed expense? | A consistent cost, like rent or car payments |
| What document shows a business’s income and expenses over time? | Income statement |
| What can negatively affect your credit score? | Applying for multiple loans quickly |
| What type of research uses numerical data and statistics? | Quantitative research |
| Primary data is: | Collected firsthand for a specific purpose |
| What research method involves watching how consumers behave without interacting with them? | Observation method |
| What is an elevator pitch? | A quick summary of your product, idea, or self. |
| What component of the marketing mix involves determining how much to charge for a product? | Price |
| What sector includes government-operated organizations? | Public Sector |
| What economic indicator measures the average change in prices over time? | CPI |
| What is the difference between gross pay and net pay? | Gross pay is before deductions; net pay is after deductions. |
| What summarizes a business’s values and goals? | Mission statement |
| What type of research question provides options for respondents to choose from? | Forced choice question |
Created by:
Mad1234