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15
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What is a service?
driving you car to your business address
doing you class work on time
a tangible product of a business sold to make profit
an intangible product of a business sold to make profit
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heart
Other team wins 25 points!
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magnet
Take 25 points!
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shark
Other team loses 10 points!
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thief
Give points!
5
10
15
20
25
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A business is an organisation where ____ or ____ are exchanged for money
goods or services
needs or wants
profits or services
profits or goods
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What you receive when you sell goods or services is called -
Revenue
Profit
Capital
Money
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What is price penetration?
Making sure that your prices don't match your competition
Making sure that your prices are lower than your competition
Attracting customers to a new product or service by offering a lower price
Will set the highest price customers will pay and lower it over time
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15
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What is marketing?
Making profit
Targeting individuals because you like them
Selling products
Targeting a product at a target market using the four p's
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banana
Go to last place!
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seesaw
Swap points!
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shark
Other team loses 10 points!
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banana
Go to last place!
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15
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How do you calculate Total Revenue?
Quantity Sold - Total Cost
Selling Price x Quantity Sold
Selling Price + Quantity Sold
Profit / Quantity Sold
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15
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What is business?
Creating a new product
having a Shop
Making money
An activity that provides goods or services for profit.
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The amount left over from revenue after all cost and expenses are met is called
Money
Profit
Sales
Saving
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15
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who is the franchisee?
The person who buys the right to use the name
The big business who lets others use their name
A big successful business
A person from France
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15
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What is market segmentation?
A part of the world
A section of the school who all like the same
A section of the market that have similar characteristics
A place in the world
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boom
Lose 50 points!
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star
Double points!
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rocket
Go to first place!
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lifesaver
Give 25 points!
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15
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McDonalds and KFC are examples of a Franchisor.
True
False
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How do you feel today?
Unhappy
hungry
Happy
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15
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What are the 7p's of marketing?
Product, Price, Place, Promotion, People , Progress, Physical evidence
Process, Physical power, People, Promotion, Place, Price, Product
Product, Price, Place, Promotion, People, Process, Physical evidence
Physical evidence, People, Process, Power, Price, Place, Product
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