Jeopardy Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Double Jeopardy Marketing Functions 4 P’sVocab Multiple Choice Economies

$100 Question Marketing Functions Determine the best method and procedures to use so customers can locate & obtain products A.Distribution B.Promotion C.Product and Service Management D.Market Information Management E.Selling

$100 Answer Marketing Functions Distribution

$200 Question Marketing Functions Communicating information to prospective customers through advertisement to encourage them to buy your product A.Distribution B.Promotion C.Product and Service Management D.Market Information Management E.Selling

$200 Answer Marketing Functions Promotion

$300 Question Marketing Functions Assisting in the design and development of products A.Distribution B.Promotion C.Product and Service Management D.Market Information Management E.Selling

$300 Answer Marketing Functions Product and Service Management

$400 Question Marketing Functions Obtaining information to improve decision making A.Distribution B.Promotion C.Product and Service Management D.Market Information Management E.Selling

$400 Answer Marketing Functions Market Information Management

$500 Question Marketing Functions Direct, personal communications with customers in order to assess needs A.Distribution B.Promotion C.Product and Service Management D.Market Information Management E.Selling

$500 Answer Marketing Functions Selling

$100 Question 4 P’s Anything offered to a market by the business to satisfy needs, including physical products, services, and ideas

$100 Answer 4 P’s Product

$200 Question 4 P’s Is the amount that customers pay and the methods of increasing the value of the product to the customers

$200 Answer 4 P’s Price

$300 Question 4 P’s Includes the methods used and information communicated to encourage customers to purchase and to increase their satisfaction

$300 Answer 4 P’s Promotion

$400 Question 4 P’s Includes the locations and methods used to mark the product available to customers

$400 Answer 4 P’s Distribution

$500 Question 4 P’s Who a company tries to sell a particular product to is called a ______

$500 Answer 4 P’s Target Market

$100 Question Vocabulary Blending the four marketing elements product, price, distribution and promotion

$100 Answer Vocabulary Marketing Mix

$200 Question Vocabulary Moral principals or values based on honesty and fairness

$200 Answer Vocabulary Ethics

$300 Question Vocabulary Concentrating on one thing or a few related activities so that they can be done well

$300 Answer Vocabulary Specialization of Labor

$400 Question Vocabulary An organized effort to influence a company by refusing to purchase its products

$400 Answer Vocabulary Boycott

$500 Question Vocabulary The result of unlimited wants and needs combined with limited resources

$500 Answer Vocabulary Scarcity

$100 Question Multiple Choice Major League Baseball’s all time leader in homeruns

$100 Answer Multiple Choice Barry Bonds

$200 Question Multiple Choice The average cost of all marketing activities is about ____ percent of the price of products A.10 B.25 C.50 D.90

$200 Answer Multiple Choice 50%

$300 Question Multiple Choice Major car companies utilized _________ when they maintain their own financing organizations for loans or leases Financing Price Distribution Selling

$300 Answer Multiple Choice Financing

$400 Question Multiple Choice There are how many marketing functions

$400 Answer Multiple Choice 9

$500 Question Multiple Choice Studies the economic behavior and Relationship of an entire society Macroeconomics Microeconomics Demand Supply

$500 Answer Multiple Choice Macroeconomics

$100 Question Economies Name 2 types of economies – Referring to what role the gov’t plays and what role individuals play. There are 4 possible answers.

$100 Answer Economies Free AKA Market Control Mixed Private Enterprise

$200 Question Economies What economy: The Resources are owned by individuals rather than the government

$200 Answer Economies Free

$300 Question Economies What economy: Some goods and services are provided by the government and some by private enterprise

$300 Answer Economies Mixed

$400 Question Economies What economy is it when: The government answers all three economic questions

$400 Answer Economies Controlled

$500 Question Economies Which economy: ____________ is based on independent decisions by businesses and consumers with only a limited government role regulating

$500 Answer Economies Private Enterprise Economy

$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500

Marketing skills are valuable only to people who are directly employed in the field of marketing.

Each of the nine marketing functions occurs every time a product or service is developed and sold.

Marketing activities may need to be used to sell low- quality products, but high- quality products do not require marketing.

Marketing skills are valuable only to people who are directly employed in the field of marketing.

Marketing jobs are found at the lowest and highest levels of a company and are available for people with varied amounts of education and experience.

Marketing encourages businesses to provide products and services that consumers want. It also helps educate consumers to make better purchasing decisions.

By agreeing to a code of ethics, business people encourage responsible behavior.

The cost of resources is the same no matter what economic system a society uses.

Individuals who purchase products and services to satisfy needs are producers.

If a business operating as a monopoly is unregulated by the government, it can charge any price it chooses. The consumer either pays the price set by the business or goes without.

The first step of the marketing concept is to a.hire a team of talented marketing professionals. b.develop top-quality products or services. c.operate at a profit. d.identify what will satisfy customers’ needs.

An approach to customer service that gives employees the authority to solve many customer problems is called a.relationship marketing. b.social responsibility. c. employee empowerment. d. hard selling.

c. employee empowerment.

Identifying and understanding the market a company wants to serve and develop strategies for. a.Market Planning.c.Selling b.Promotion.d.Product and service management

a.Market Planning

Direct, personal communications with customers in order to assess needs a.Marketing Information Managementc.Promotion d.Selling b.Product and Service Management.

Assisting in the design and development of products a.Marketing Information Managementc.Selling b.Product and Service Managementd.Financing

b.Product and Service Management

An organized effort to influence a company by refusing to purchase its products is called a a.strike.c.tariff. b.embargo.d.boycott.

Which of the following is a consumer protection organization sponsored by businesses? a.Better Business Bureau b..Federal Trade Commission C. American Marketing Association D. Food and Drug Administration

A. Better Business Bureau

The average cost of all marketing activities is about ___ percent of the price of products. a.10c.50 b.25d.90

The basic economic problem is a.greed.c.demand. b.supply.d.scarcity.

Marketers are most concerned with a.microeconomics. b.minieconomics. c.megaeconomics d.macroeconomics.

Name the movie that features this song

Name one country in Central America

What year did the US Civil War End?

Name this actor

Who is this boxing legend

Adolf Hitler was born in this country?

Scooby sells snacks for $4.25 he buys those snacks for $3.00. If Scooby sold ten snacks how much money did he make

The Phillies have won how many World Series Championships

A typical adult human skeleton consists of how many bones

Final Jeopardy First Team to write down all four wins/ or the team with the most correct wins Name the Four forms of economic competition

Final Jeopardy Answer Pure Competition Monopoly Oligopolies Monopolistic Competition