Deca business finance - Study guides, Class notes & Summaries

DECA Questions and Answers Rated A accounting The discipline that keeps track of a company's financial situation. Ad Council A nonprofit organization that helps produce public service advertising campaigns for government agencies and other qualified sponsors. ad layout A sketch that shows the general arrangement and appearance of a finished ad. adaptation Changing an existing product and/or promotion to better suit the characteristics of a targeted country or region. adjacent colors Colors ...

DECA Marketing Questions and Answers Rated A Marketing "The dynamic activities that focus on the customer to generate a profitable exchange" (Page 5) The Goal of Marketing "To meet customers' needs (goods and services you need) and wants (goods and services you do not need but would like to have) with products that customers can and will buy" (Page 5) Dynamic "constantly changing" (Page 5) Customer "an individual or group who buys products" (Page 6) Target Market "The specific grou...

What year was our chapter founded? Correct Answer: 2003 What are the names of our three marketing advisors? Correct Answer: Mrs. Talbot, Mrs. Daniels, and Mrs. Simmons Name one of our international finalist Correct Answer: Reed Reynolds and Lydia Thompson What is our mission? Correct Answer: DECA prepares emerging leaders and entrepreneurs in marketing, finance, hospitality, and management in high schools and colleges around the globe About how many students are in the high schoo...

Illinois DECA State Officer Test Questions And Answers What is the most recent DECA Direct Article? - ANSWER Check DECA Direct before the test, released every Tuesday. Who are the Co-Directors of Illinois DECA? - ANSWER Mr. Varanauski and Mr. Weber When was DECA founded? - ANSWER 1946 What year was Illinois DECA founded? - ANSWER 1957 What does DECA stand for? - ANSWER Distributive Education Clubs of America What is the address of DECA Headquarters? - A...

DECA principles latest 2023 100% pass Agent Intermediary that assists in the sale and/or promotion of goods and services but does not take title to them. Annual fee An amount of money charges on a yearly basis for the privilege of using certain kinds of credit (ex. American Express card) Annual percentage rate (APR) Tate of interest expressed as a yearly percentage Approach stage The beginning of a sale when the customer and salesperson first communicate; also called the "opening" or "atte...

DECA Business Administration Core Exam Questions and Answers Rated A Franchise a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand demand that changes according to changes in price Inelastic Demand demand that is not affected by changes in price. Unitary Demand when sales remain the same because changes in suppl...

DECA Marketing Latest 2023 Rated A Marketing the processes of communicating the value of and connecting a product or service to customers/clients/partners and society SWOT analysis A chart that businesses use to analyze and plan their companies by identifying their Strengths, Weaknesses, Opportunities, and Threats. Marketing Mix (4 P's of Marketing) Price, Place (distribution), Promotion, Product. These are parameters the marketer controls to best appeal to the target market. Overhead operat...

DECA: Principles of Business Management and Administration Exam solution guide. Discuss the nature of law and sources of law in the United States. Describe the United States' judicial system Describe legal issues affecting businesses (SP) Identify the basic torts relating to business enterprises (SP) Describe the nature of legally binding contracts (SP) - Describe the nature of legal procedure (SP) - Discuss the nature of debtor-creditor relationships (SP). Explain the ...

DECA Finance Exam Questions and Answers Already Graded A debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. -...