Package Deal For DECA PFL Exam Study Questions and Answers Graded A 2024

Annual Percentage Rate (APR) - The yearly cost of credit. Interest Rate plus finance charge. portfolio analysis - the process by which management evaluates the products and businesses that make up the company portfolio investment - investment that does not involve obtaining a degree of control...

consumer questionnaires, surveys, and direct interviews are all forms of data collection used in the____function of marketing. - Information management A traditional ordering system typically begins with - The business gathering sales data and inventory information what type of accounting meth...

AIDA - Attention, Interest, Desire, Action Baby boom generation - large group of people born between 1947 and 1965 Balance Sheet - a financial statement that shows a company's assets, liabilities, and net worth on a given date. Assets - Liabilities = Net Worth Brand name - the name that id...

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 appe...

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 ...

Exclusive Distribution - 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 - The electronic interchange of business information using a standardized format; a pr...

Planned economy - Economic system in which the government makes all of the decisions Trade mission - Group of volunteer businesspeople sponsored by the government to inform exporters about foreign markets Craft union - Union made of workers with a particular skill Whistleblower - Employee w...

A developer proposed a technological improvement to a product you sell. In his proposal, he tells you this improvement betters the product because it makes it safer for the customer to use it. Because of this, customer injuries should decrease. He tells you the value added to the product because of ...

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 Dy...

1. the business agreement under which a business distributes the goods or services of a parent company is called a. partnership b. corporation c. franchise d. proprietorship - c 2. what is an effective technique for employees to use to extract relevant information from written materials? a. ...

Psychographic - This market segmenting involves studies of consumers based on their attitudes, lifestyles, and values. Demographic - This market segment refers to statistical data or information concerning a person's age gender income level occupation, etc Behavioral - This type of market seg...