Chapter 10Chapter 11Chapter 12Chapter 13Potpourri 100 200 300 400 500 Final Jeopardy Score: Player 1 Player 2 Player 3.

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Presentation transcript:

Chapter 10Chapter 11Chapter 12Chapter 13Potpourri Final Jeopardy Score: Player 1 Player 2 Player 3

Specific group of consumers who have similar wants and needs

What is a Target Market Be able to identify similarities of a Target Market if given a product

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

What is Marketing

Set of promotional activates designed to generate sales in the retail setting

Who is Merchandising

Any form of communication used to inform, persuade or remind

What is Promotion Be able to explain some different types of promotions as well as pricing promotions and when and where companies can promote and advertise.

What are the 4 Ps of marketing

What is Place Price Product Promotion

Several computers linked into a single system

What is a Network

Instructions that run a computer system

What is Software

Computer programs that perform a specific task; such as word processing or database management

What is Application Software

An organized system of processing and reporting information in an organization

What is Management information systems

What are 2 input devices and what are 2 output devices

What are: Input – Keyboard, mouse, finger, camera, scanner, bar code reader, etc. Output: Monitor, speaker, printer, projector, etc.

Costs of operating a business

What are Expenses

What a company owns

What are Assets Liabilities: What a company owes

Also known as gross income

What is Revenue

Value of an owners’ investment in a business

What is Owners Equity

What is shown on an income statement?

What is: All income a business receives over a period of time (also known as Gross Income, Sales, Revenue) The cost of operating business (expenses) The difference between the two (Net Income, Earnings, Profit or Loss)

Studies existing products to develop design improvements or new product uses

What is Applied Research Know what Pure Research is

An assembly process that produces a large number of identical products using a continuous, efficient procedure

What is Mass Production Know what custom manufacturing is

Products are obtained from nature or grown using natural resources

What is Extraction and Cultivation

Goods arrive when needed for production, use, or sale rather than sitting in storage

What is Just-in-time

Changing and improving the form of another product

What is Processing

Building computers would be an example of Extraction and cultivation, processing, or manufacturing

What is Manufacturing

Managing the acquisition, movement, and storage of supplies, materials, and finished products in a business

What is Logistics

What are two issues businesses have to deal with involving new technology

What are Injuries, security, safety, management, collecting data, storing data, using data, etc.

What is the accounting equation

What is Assets = Liabilities + Owner’s Equity

Used to record and analyze the financial performance of a business

What is Financial Records

Make Your Wager

What are the two steps to the marketing strategy

Player 1Player 2Player 3 Who won? What is 1.Identify target market 2.Create a marketing mix

Congratulations Player 1 You Win !!!!!!!

Congratulations Player 2 You Win !!!!!!!

Congratulations Player 3 You Win !!!!!!!