Deca marketing 2024 exam - Study guides, Class notes & Summaries

DECA MARKETING CLUSTER 2024 B EXAM (100% PASS!! ) Semantic Differential Scale - correct answer Provides seven spaces, which are bounded by descriptive antonyms at each end, such as durable and fragile. The respondent places an "X" at the point or space on the continuum that best describes his/her feelings about the object or idea s/he is rating. Frequency - correct answer A type of category scale and provides respondents with options such as very often, often, sometimes, rarely, and ne...

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 process which allows one company to send information to another company electronically rather than with paper. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 ...

price fixing - ANSWER-illegal collusion/communication between firms eliminating competition price discrimination - ANSWER-different prices for different customers marketing research - ANSWER-process of collecting information to determine consumer preference, market size, competition, public image, buying cycles marketing information system - ANSWER-set of procedures and methods regularly used for information about markets database marketing - ANSWER-customer relationship management (...

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...

case law - correct answer primary source of law that is based on previous court decisions duty of care - correct answer basic principle that expects all individuals and businesses to exhibit socially responsible behavior by using caution to prevent harm and by watching out for one another tort - correct answer private wrongdoing that potentially harms another person or entity doctrine of sovereign immunity - correct answer universally accepted principle that each nation has the right to...

DECA Practice Exam Questions and Answers | 100% Pass 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 this new technology is substantial. What question should you ask to further make sure this technological advancement makes your product bett...

Which of the following is an aspect of channel management that impacts customer service? - ANSWER-Timeliness What type of law is violated when a supplier requires intermediaries to enter into tying agreements? - ANSWER-Antitrust What communication style is most appropriate to use when you are providing a friend with personal advice? - ANSWER-Empathic Business employees who participate in group discussions should present their ideas and opinions in a(n) - ANSWER-assertive manner. Whic...

DECA PERFORMANCE INDICATORS EXAM STUDY QUESTIONS AND ANSWERS SCORE 100% LATEST UPDATE 2023/2024. Explain the concept of market and market identification. - A market is a group of consumers who have a common interest, need or want of a given good or service. This group of consumers also must be able to purchase the product. Identifying a market is an important activity in marketing as products will not appeal to everyone. Marketers identify markets' common interests by classifying consumer...

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 process which allows one company to send information to another company electronically rather than with paper. Trading Partners Business entities conducting business electronically.