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15
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What is a service?
a tangible product of a business sold to make profit
driving you car to your business address
doing you class work on time
an intangible product of a business sold to make profit
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15
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A physical product that is designed by a business and sold to customers is known as a
want
need
good
service
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15
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who is the franchisee?
A big successful business
A person from France
The big business who lets others use their name
The person who buys the right to use the name
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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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McDonalds and KFC are examples of a Franchisor.
False
True
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lifesaver
Give 15 points!
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magnet
Take 20 points!
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rocket
Go to first place!
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baam
Lose 5 points!
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baam
Lose 25 points!
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shark
Other team loses 15 points!
Okay!
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gift
Win 20 points!
Okay!
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banana
Go to last place!
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15
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What are the 7p's of marketing?
Product, Price, Place, Promotion, People , Progress, Physical evidence
Physical evidence, People, Process, Power, Price, Place, Product
Product, Price, Place, Promotion, People, Process, Physical evidence
Process, Physical power, People, Promotion, Place, Price, Product
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15
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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
Will set the highest price customers will pay and lower it over time
Attracting customers to a new product or service by offering a lower price
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15
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What is revenue?
the amount of money left after all expenses are taking out
the amount of money you make in your paycheck before taxes
total income generated from selling products & services
the money you have left over from your paycheck
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eraser
Reset score!
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star
Double points!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
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15
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What is business?
An activity that provides goods or services for profit.
Making money
having a Shop
Creating a new product
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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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15
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What is profit?
When revenue is greater than costs
When costs and revenue are equal
All revenue is profit
When costs are greater than revenue
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15
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A business is an organisation where ____ or ____ are exchanged for money
goods or services
profits or services
profits or goods
needs or wants
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15
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What is market segmentation?
A section of the market that have similar characteristics
A place in the world
A part of the world
A section of the school who all like the same
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