Deca marketing - Study guides, Class notes & Summaries

Questions and Answers 100% Pass DECA Marketing Terms Questions and Answers 100% Pass

DECA Marketing Communications Exam Questions with All Correct Answers Marketing - Answer-process of planning, pricing, promoting, selling, and distributing ideas, goods, or services to create exchanges that satisfy customers utility - Answer-The added value in economic terms market share - Answer-percentage of the total sales volume generated by all companies that compete in a given market. industrial market - Answer-business-to-business (B-to-B) market includes all businesses that ...

Marketing - ️️The dynamic activities that focus on the customer to generate a profitable exchange 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 Dynamic - ️️constantly changing Customer - ️️an individual or group who buys products Target Market - ️️The specific group of customers whose needs a company will focus on ...

2024 DECA MARKETING CLUSTER EXAMS 1 & 2 (2 VERSIONS) EACH EXAM CONTAINS 100 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES GRADED A+ (BRAND NEW!!) A grocery store has opening stock value of $75,380, stock purchases of $21,925, net sales transactions of $89,150, and periodic stock count of $7,875. What is the store's dollar amount of inventory shrinkage? A. $265 C. $280 B. $270 D. $295 - ANSWER-C $280. To calculate the grocery store's dollar amount of inventory shrinkage, begin with...

Exclusive Distribution - Answer-Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems - Answer-The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners - Answer-Business entities conducting business electronica...

DECA Marketing Test Questions with Correct Answers Marketing - Answer-"The dynamic activities that focus on the customer to generate a profitable exchange" (Page 5) The Goal of Marketing - Answer-"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 - Answer-"constantly changing" (Page 5) Customer - Answer-"an individual or group who buys prod...

Explain the concept of market and market identification. A market is a group of consumers who have a common interest, need or want of a given good or service. This group of consumers also must be able to purchase the product. Identifying a market is an important activity in marketing as products will not appeal to everyone. Marketers identify markets' common interests by classifying consumer's demographic, geographic and psychographic information. Examples of this information include age, inc...

price fixing - ANSWER-illegal collusion/communication between firms eliminating competition price discrimination - ANSWER-different prices for different customers marketing research - ANSWER-process of collecting information to determine consumer preference, market size, competition, public image, buying cycles marketing information system - ANSWER-set of procedures and methods regularly used for information about markets database marketing - ANSWER-customer relationship management (...

DECA MARKETING CLUSTER EXAM DISTRICT LEVEL PRACTICE TEST WITH A+ SOLUTION UPDATE QUESTIONS AND ANSWERS 2023

Marketing The dynamic activities that focus on the customer to generate a profitable exchange 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 Dynamic constantly changing Customer an individual or group who buys products Target Market The specific group of customers whose needs a company will focus on satisfying T...