DECA principles latest 2023 100% pass

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DECA principles latest 2023 100% pass Agent ✔✔Intermediary that assists in the sale and/or promotion of goods and services but does not take title to them. Annual fee ✔✔An amount of money c... harges on a yearly basis for the privilege of using certain kinds of credit (ex. American Express card) Annual percentage rate (APR) ✔✔Tate of interest expressed as a yearly percentage Approach stage ✔✔The beginning of a sale when the customer and salesperson first communicate; also called the "opening" or "attention" step of a sale Assets ✔✔Things of value owned by a business Assortment ✔✔All the varieties of a product of products that a business carries in inventory Authoritarian leader ✔✔Inflict duals who prefer to exercise a high degree of control over their subordinates; tend to see themselves as a sole source of authority Branding ✔✔A basic decision in marketing products in which an organization uses a name, phrase, design, symbol, or a combination of these to identify its products and distinguish them from those of competitors Business activities ✔✔The efforts of an organization that enable it to produce and/or distribute goods or services Business cycles ✔✔Periods of expansion and contraction in economic activities Business/feasible analysis ✔✔Examining such factors as demand, costs, competition, capital investment required and potential profit of a good or service to determine how it will fit into the company's product mix. Buyers ✔✔Individuals who have the responsibility for working with vendors and arranging the terms of the sale Buyers market ✔✔The best time for consumers to buy; characterized by large supply, small demand and low prices Buying decision ✔✔A small decision that a customer ma [Show More]

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