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BSM DECA Study Set Questions with Correct Answers 100% Verified 2025 channels of distribution - Correct Answer A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end consumer. Distribution channels can include wholesalers, retailers, distributors, and even the Internet. 4 types of marketing channels: direct selling; selling through intermediaries; dual distribution; and reverse channels Channels of d...

Deca BSM Vocab Study Questions with Correct Answers 100% verified 2025 Business plan - Correct Answer A proposal that describes every part of your new business to potential investors and financing agencies Business Research - Correct Answer Research that attempts to solve business problems related to long-range forecasting and future economic conditions Business Risk - Correct Answer The possibility of business loss or failure Buying behavior - Correct Answer the process individuals use to d...

BSM 100 Study Questions with Correct Answers 100% Verified 2025 Business - Correct Answer Any activity that provides goods and services in an effort to earn profit Entrepreneurs - Correct Answer People who dream, risk time, money, and other resources to start and manage a business Profit - Correct Answer The financial reward that comes from starting and running a business: the money that a business earns in revenue, minus the sales. Non-for-profit focuses on: - Correct Answer 1. helping the ...

BSM DECA STUDY QUESTIONS WITH CORRECT ANSWERS 100% VERIFIED 2025 Nature of Chanel management - Correct Answer -understanding how products end up in consumer's hands -identifying methods of transportation, deciding to use a warehouse for inventory control, and understandinf each member in the distribution channel Nature of channel distribution - Correct Answer -Journey a product takes from the producer/ manufacturer to the end user -can include manufacturers, wholesales, retailers, agents,...

BSM Performance Indicators Study Questions with Correct Answers 100% Verified and Graded A+ 2025 Describe the use of technology in the channel management function - Correct Answer Technological tools can be used to increase efficiency along a supply chain, but dedication and cooperation is required of all parties. Automatic order systems can instantly place orders along the supply chain when stock levels reach economic quantities. Picking, packing and shipping activities can be tied into automa...

AQA AS Level Business 7131 Units 1-6 Study Questions with Correct Answers 100% Verified 2025 Financial objective - Correct Answer Goal or target pursued by the finance department (or function) within an organisation Profit - Correct Answer Measures the extent to which revenues from selling a product over some time period exceed the costs incurred in producing it Cash flow - Correct Answer The movement of cash into and out of a business over time Income statement - Correct Answer Records a bu...

BSM 600 Midterm - Weeks 1-9 Exam with Correct Answers 100% Verified and Graded A+ 2025 Foreign Direct Investment - Correct Answer Direct investment in production or business in one country by a business from another country. multinational firms - Correct Answer firms that sell or produce in multiple countries globalization - Correct Answer the spread of business across national borders product life cycle - Correct Answer the stages a product or service goes through during its lifespan CAGE ...

BSM 200 - Final Study Guide with Best Solutions 100% Verified and Graded A+ 2025 Organizations can grow by: - Correct Answer Increase willingness to pay (introducing new products) Reducing costs (implementing efficiencies in production) Increasing WTP is always more desirable than decreasing costs - Correct Answer Builds demand for consumers keeps up with customer preferences & external environment Challenges in increasing willingness to pay - Correct Answer other products/firms in market ...

BSM 600 Midterm Exam with Correct Answers 100% Verified 2025 What is Strategy - Correct Answer company's dynamic plan to gain and sustain competitive advantage in it's market or industry Why do companies need business strategy - Correct Answer to give direction and achieve goals and build and sustain competitive adv characteristics of a successful strategy - Correct Answer -simple consistent and long term -understanding of competitive environment -resources and capabilities -effectiv...

BSM 600 Quiz 1 Questions with Correct Answers 100% Verified and Graded A+ 2025 What is Porter's Five Forces Framework? - Correct Answer This framework is used to classify and analyze the factors that determine the intensity of competition and levels of competition in different industries What are the five forces? - Correct Answer 1. Supplier Power (horizontal) 2. Industry Rivalry (horizontal) 3. Threat of Entry (horizontal) 4. Threat of Substitutes (vertical) 5. Buyer Power (vertical) ...