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Business 8 Final Review Part II
Test Description: Good Luck!
Instructions: Answer all questions to get your test result.
1) Having a strong credit rating will cost you more in the long run
A
true
B
false
2) The three levels of a product include
A
actual
B
augmented
C
core
D
all of the above
3) If the product life cycle is moving downward; the product is
A
at its peak
B
only beginning
C
declining
D
dead
4) The core benefits of shoes is what?
A
covers your feet
B
comfort
C
price
D
branding
5) An ACTUAL benefit of a Ford pickup is?
A
cheaper financing
B
Ford Brand
C
leather seats
D
warranties
6) The product life cycle goal of any company is:
A
introduction
B
withdrawl
C
maturity
D
decline
7) Pricing strategy that makes a product seem higher in quality than it actually is
A
false
B
exclusive
C
value
D
psychological
8) The pricing matrix uses a graph to match items based on quality and price. Companies who lower their price below retail value for high quality products using...
A
penetration
B
economy
C
skimming
D
premium
9) A toothbrush will most likely be
A
economy
B
skimming
C
penetration
D
premium
10) Apple's use of ipods, iphones, ipad mini, and all of their different products is using which form of marketing?
A
economy
B
product line
C
dynamic
D
captive
11) Planning for your future will save you...
A
time
B
energy
C
money
D
all of the above
12) A four-year degree is a
A
certification
B
license
C
bachelors
D
masters
13) On the TedED video we watched; how many internal skills do we have?
A
8
B
12
C
16
D
4
14) The website we use breaks your career paths into what?
A
clusters
B
facts
C
stramlines
15) Like Mr. Voeller said daily: my goal isn't to help you find the right job....
A
what's for lunch?
B
I want to help you eliminate ones you don't want
C
let's play Nirtotype!
D
grab a shovel
*select an answer for all questions
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