Dit- semester exam UPDATED ACTUAL
Questions and CORRECT Answers
product - CORRECT ANSWER- ✔✔tangible item
service - CORRECT ANSWER- ✔✔intangible item, skill/expense
S corporation - CORRECT ANSWER- ✔✔for profit, limited liability, prevents double
taxation
C Corporation - CORRECT ANSWER- ✔✔ideal for international business
network marketing - CORRECT ANSWER- ✔✔recruiting other marketers who work under
them to create a distributer network, earn money off commissions, distributers agree to sell
products/service another company sells.
value proposition - CORRECT ANSWER- ✔✔statement explaining to customers why they
should work with your company.
CAC (customer acquisition cost) formula - CORRECT ANSWER- ✔✔(marketing expenses
+ Sales expenses) / new customers for a period
What to research before making a product. - CORRECT ANSWER- ✔✔materials to make it,
material cost, where to purchase, and manufacturing needs.
fulfillment center - CORRECT ANSWER- ✔✔Warehouse- goods are packaged and
dispatched to fullfill orders usually made online.
Quality standards of a product - CORRECT ANSWER- ✔✔Measured by how well the
product/service successfully serves the user's purpose.
Questions and CORRECT Answers
product - CORRECT ANSWER- ✔✔tangible item
service - CORRECT ANSWER- ✔✔intangible item, skill/expense
S corporation - CORRECT ANSWER- ✔✔for profit, limited liability, prevents double
taxation
C Corporation - CORRECT ANSWER- ✔✔ideal for international business
network marketing - CORRECT ANSWER- ✔✔recruiting other marketers who work under
them to create a distributer network, earn money off commissions, distributers agree to sell
products/service another company sells.
value proposition - CORRECT ANSWER- ✔✔statement explaining to customers why they
should work with your company.
CAC (customer acquisition cost) formula - CORRECT ANSWER- ✔✔(marketing expenses
+ Sales expenses) / new customers for a period
What to research before making a product. - CORRECT ANSWER- ✔✔materials to make it,
material cost, where to purchase, and manufacturing needs.
fulfillment center - CORRECT ANSWER- ✔✔Warehouse- goods are packaged and
dispatched to fullfill orders usually made online.
Quality standards of a product - CORRECT ANSWER- ✔✔Measured by how well the
product/service successfully serves the user's purpose.
