Marketing cluster exam - Study guides, Class notes & Summaries

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...

MARKETING CLUSTER EXAM QUESTIONS WITH COMPLETE SOLUTIONS.

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...

Brix Beauty Salon used a celebrity's name and photograph in a recent newspaper advertisement, even though the celebrity had not given Brix permission to use her name and likeness. What tort did Brix Beauty Salon commit? A. Defamation B. Wrongful interference C. Appropriation D. Conversion C. Appropriation Which of the following forms of ownership is a group of individuals organized by a charter that is granted by a state: A. Corporation B. Proprietorship C. Partnership D. Cooper...

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

A primary responsibility of administrative law is to... - ANSWER-enforce agency regulations What distribution method is best for a manufacture to use when the product us complex and is difficult to install and repair? - ANSWER-exclusive When a retailer follows up with a vendor ti verify that an individual order shipped on time, it is - ANSWER-facilitating customer service Kendra owns a small business that sells handmade quilts to residents and tourist in her community. What type of dist...

The purpose of legal procedure is to ensure that each party receives A. ongoing advice. B. consistent treatment. C. a reasonable verdict. D. an indictment. - correct answer b Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples of which of the following types of business ownership: A. Franchisee B. Corporation C. Partnership D. Sole proprietorship - correct answer b Channels of distribution benefit businesses by A. lowering the pric...

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 electro...

Covers 20 elaborate questions and answers, not just answering them but explaining what the question is asking and going over the best answer choice. Easy, obvious questions are automatically skipped so you are not wasting a single penny. This is part 1 of the 2019 test. These study guides are the perfect way to enhance your knowledge in marketing and help you learn many different terms, leaving you prepared on any exam.

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