Which of the following is not an element of the marketing mix?

The normal length of time of which a marketing plan is developed is

The product life cycle concept suggests that

Companies emphsize promotion and price of their products in which stage of the product life cycle?

An example of a product in the decline stage of the life cycle is

Most often, retailers sell to

The number and type of businesses in a channel of distribution is determined by the

Which of the following would be the shortest channel of distribution?

A business that owns the organizations at other levels of a channel of distribution is involoved in

Products such as soap, books, candy, and pens are

The principle advantage of railroad transportation is

The slowest method of transporting goods is

Because consumers do not usually buy products as soon as they are produced, products need to be

The actual price a customer paid for a product is the

Purchasing snow blowers in the summer to help the manufacturer balance production and inventory levels often qualifies the buyer for a

For manufacturers, the total cost of the materials, operations, and personnel used to make the product is the

The cost of goods sold plus operating expenses plus net profit equals the

What type of business produces goods that other businesses use to make things?

Which statement is most accurate about demand?

Which of the following statements about budgets is true?

Because business success is judged in dollar terms, every business must do all of the following except

The inability to satisfy all wants at the same time.

_______________________ is when a choice is made over choosing something else., ie., the highest valued alternative is forgone. Individuals must consider the value of what is given up when making a choice.

An economy in which decisions are made by the people and the government.

Many businesses fail in their first year of operation

The biggest expense of businesses is

Which major category of business is the fastest growing in the U.S. economy?

A unique business organized by two or more other businesses to operate for a limited time and for a specific project is called a

"After receiving a shipment, the warehouse supervisor......" The above is an example of

The first basic activity of a business is to come up with ideas. The second is to

The cost of borrowing money is

A legal process that allows part of your paycheck to be withheld for payment of a debt

Loan guaranteed only by a promise to repay it: No collateral

The original amount borrowed

The process of matching your checkbook register with bank statements

Represent money you have authorized your bank or other organization to move from one account to another at regular intervals (bills, donations, etc.)

What do you write on a check if you mess up or need to get rid of it?

Problematic instuitions include all of the foollowing except

An amount owed (financial responsibility)

A savings alternative in which money is left on deposit for a stated period of time to earn a fixed rate of return. Penalties if money is withdrawn early before maturity