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MTDM DECA Exam questions well answered already passed
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MTDM DECA Exam questions well answered already passed
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MTDM DECA Exam questions wellanswered already passed
Agency relationship - correct answer ✔✔The agent has authority to act on behalf of the principal.
Ex. Josh is a small business owner who hires a lawyer to represent him in court. Josh is the principal; the
lawyer is the agent.
Representative - correct answer ✔✔A person elected to represent the people
Which business is most likely to vioate antitrust laws if it insists on an exclusive dealing agreement? -
correct answer ✔✔A firm with dominant market power. Dominant firms may be held to a higher
standard under antitrust laws b/c of their monopolistic potential. Small-start ups are less likely to violate
competitive laws, as are buyers who are being locked into the agreement. Exclusive dealing only pertains
to vertical business partners.
Vertical business partners - correct answer ✔✔a partnership between a firm and its suppliers or
distributors.
Horizontal business partners - correct answer ✔✔formed between partners operating in the same
business area. The firm partners with a competitive company to improve its position against other
competitors. Tends to be anti-competitive, hence anti-trust law should be considered in this type of
alliance.
cross linking - correct answer ✔✔a strategy that can come in handy to get high search engine rankings,
by leveraging multiple domains owned by you
a method of adding links on your website to other websites with similar content or interests
affiliate marketing - correct answer ✔✔a marketing arrangement by which an organization refers
consumers to the selling company's website
, affinity marketing - correct answer ✔✔A method of selling goods and services by creating partnerships
with similar or compatible companies and brands. This increases brand loyalty for both companies and
products and heightens market awareness of both.
persuasive writing - correct answer ✔✔writing that attempts to convince an audience to perform a
certain action, such as buying a product
responsive writing - correct answer ✔✔writing used to respond to some prior communication
informative writing - correct answer ✔✔writing used to transfer information to an audience
passive voice writing - correct answer ✔✔writing that transfers the object of the action into the subject
position
How can businesses reinforce brand promise after a sale? - correct answer ✔✔By resolving any
problems or complaints
payroll taxes - correct answer ✔✔taxes associated with being employed as well as being an employer.
employers must withhold certain taxes from other employee's paychecks.
ex. Melinda's employer withholds certain taxes, such as local income taxes, from her paycheck.
excise taxes - correct answer ✔✔taxes built into the purchase price of products
secondary dimensions of diversity - correct answer ✔✔characteristics that may change at various points
throughout one's lifetime. religion, work experience, education level, income level, language, family
status
primary dimensions of diversity - correct answer ✔✔inborn differences that cannot be changed and
affect a person's entire life.
collectivist culture - correct answer ✔✔culture that is geared towards group accomplishments
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