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DECA Exam Questions with verified solutions already passed
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DECA Exam Questions with verified solutions already passed
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DECA Exam Questions with verifiedsolutions already passed
Which of the following is a way that leaders appeal to others' emotions to gain commitment toward a
shared vision: - correct answer ✔✔Sharing stories
Small businesses are important to the economy because they - correct answer ✔✔create employment
opportunities.
Which component of the business plan requires considerable time and external research? - correct
answer ✔✔Market analysis
As Vanessa walked into the library, Jeremy and Salim were just closing a drawer on the librarian's desk.
Later, Vanessa described the incident to the librarian--and included her own conclusion that the boys
had probably stolen something. Vanessa's account is an example of which of the following: - correct
answer ✔✔Framing
Bethany wants to make sure she is making informed, intelligent decisions for her entrepreneurial
venture. Bethany should - correct answer ✔✔form and consult an advisory board.
Ranking your company in relationship with your competitors helps you determine - correct answer
✔✔how your company is unique.
Due to lackluster sales, the Elba Corporation has decided to eliminate several of its product lines. Elba's
executives hope that by focusing on fewer product lines, they will see more profit. The Elba Corporation
is planning to adjust the _________ of its product mix. - correct answer ✔✔width
A business's market structure in an industry can be described as a - correct answer ✔✔way for suppliers
and demanders to interact.
A business borrowing startup money from a commercial bank is an example of - correct answer ✔✔debt
financing
, Which of the following is a specification that a business might establish for selecting spreadsheet
software programs: - correct answer ✔✔Graphically display financial information
It is important that businesses stay on top of their governance reports to ensure compliance because
__________ can change frequently. - correct answer ✔✔regulations
A car company has decided to invest less in its successful pickup truck and to use those funds instead on
the development of its new hybrid vehicle. This is an example of - correct answer ✔✔a harvest strategy
Every __________ is the result of a process - correct answer ✔✔outcome
Which of the following is a reason for a business to add product items or lines to its product mix: -
correct answer ✔✔To satisfy customers' desire for variety
Spotless Sparkle Window Cleaners recently lost customers because someone wrote a fake, negative
review about its service and posted the review online. This is an example of a - correct answer
✔✔business tort
When Kaitlin walked into her local discount store, she wasn't sure exactly what she was going to buy; all
she knew was that she needed shampoo. When Kaitlin noticed a sign advertising a new, chemical-free
shampoo and conditioner set, she decided to try the brand and grabbed two sets. Kaitlin was influenced
by a - correct answer ✔✔point-of-sale promotion.
Last year, a business had sales of $63,500. A downturn in the economy is expected to reduce sales by
15% this year. Forecast sales for this year based on this prediction. - correct answer ✔✔$53,975
When marketers sort customers psychographically, they divide them by - correct answer ✔✔lifestyle
habits.
Which of the following statements regarding the relationship between a business and its supply chain is
true: - correct answer ✔✔If a business's supply chain is poorly managed, customer satisfaction is likely
to suffer.
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