Exam Review Flashcards
(31 cards)
What is the Law of Demand?
What is the Law of Supply?
How is price affected by supply and demand?
What are the types of businesses? Give 2 examples for each.
What are the types of partnerships?
Describe the three management styles discussed in class
How can a management style affect employee productivity?
Why is it important for a manager to develop teamwork?
What is the difference between a skill and a characteristic?
What are the three factors involved in the development of a product?
What is the Marketing Mix? Explain each of the elements involved
What is Advertising? What are the types of Advertising? Give one example for each
What is promotion? List some examples of the types of promotion
What is a channel of distribution? Explain the types and give an example for each
What is marketing research? Why is it so important to a business?
What is the accounting equation?
What is a Balance Sheet and an income statement?
What is accounting and why is it so important to a business?
What is a franchise?
What are the types of business ownerships?
What is a free enterprise economic system?
What are some types of investments available to Canadians?
What is a mutual fund?
What is the difference between Schedule I Bank and Schedule II Bank?
