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DECA Exam Questions & Answers 2024/2025 CA$12.33   Add to cart

Exam (elaborations)

DECA Exam Questions & Answers 2024/2025

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DECA Exam Questions & Answers 2024/2025 One business promising to do something for another business in return for receiving compensation is an example of a - ANSWERSContract When an agent legally acts in the best interests of his/her client, the agent is establishing a(n) __________ relatio...

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  • October 10, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • DECA
  • DECA
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DECA Exam Questions & Answers
2024/2025

One business promising to do something for another business in return for receiving compensation is an
example of a - ANSWERSContract



When an agent legally acts in the best interests of his/her client, the agent is establishing a(n)
__________ relationship. - ANSWERSFiduciary



Principal is another word for - ANSWERSclient



What do business owners consider when they select a business ownership structure? -
ANSWERSPersonal circumstances, financial needs, and the type of business



When businesses want to make their products available to customers but do not want to over-distribute
their goods and services, they are seeking - ANSWERSideal market exposure



Cindy's lemonade stand sells lemonade to customers. The route that the lemonade is taking from the
producer to the final consumer is - ANSWERSdirect



intermediary - ANSWERSchannel member who gets a product or service from the producer to the
consumer



Which of the following often makes it difficult for small manufacturers that have limited budgets to
receive an equal opportunity to distribute their new products:

A. Gray marketing

B. Slotting allowances

C. Channel strategies

D. Targeted advertising - ANSWERSB. Slotting allowances

, slotting allowance - ANSWERScash premium that manufacturers pay to businesses to cover the costs
involved in carrying a new product; it can be a lot because of competition among manufacturers



gray market involves... - ANSWERSbuying from unauthorized distributors



Channel strategies - ANSWERSdistribution plans/strategies



A manufacturer that decides to sell directly to large retailers rather than through wholesalers might
create __________ conflict within its distribution channel - ANSWERSVertical



Vertical channel conflict - ANSWERSdisagreement between different levels of the same channel



Horizontal channel conflict - ANSWERSbusinesses at the same channel level, such as between different
franchisees for the same business competing in the same city



Asking questions is important because it - ANSWERScan clear up misunderstandings



Your supervisor has asked you to prepare a marketing status report for each of the company's six
regional offices. The most appropriate way to organize the information is - ANSWERSby site location



What does an enclosure notation at the bottom of a business letter signify? - ANSWERSSomething is
being sent with the letter



An effective executive summary - ANSWERSis written for people who won't read the whole document



A memo on the bulletin board from a supervisor to staff members is an example of __________
communication. - ANSWERSdownward



If employees do not know the answers to customers' questions, they should: - ANSWERStry to find
another employee who does

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