GEC ELECT 2 MIDTERM

5. Must meet the needs and wants of the target audience
7. The exchange or buying and selling of goods and services by electronic means
9. Are designed environments that create or reinforce the buyer’s leanings toward buying a product
12. Spreading the word about the product or service
13. Carry messages without personal contact or feedback
14. This is most business aim
15. It is more than just determining a cost
17. An entity created by law
18. An appeal that relates to the audience’s self-interest
20. The owner has full control over the finances and operations and decides alone
21. Sell to customers products they buy from other businesses.
22. Process of creating and delivering desired goods and services to customers.

1. Models that buys in bulk and resells in smaller quantities
2. Models that earns revenue by collecting and selling information
3. Models that adds value by providing one-stop shopping
4. You engaged if you want profits
6. team responsible for creating and delivering the product or service
7. The appeal is an attempt to stir up positive or negative emotions to motivate a purchase
8. Turn basic inputs into products
10. Legal possession and control over property
11. Sets low price on new products then raises if they established customer based.
15. All about how the product or service is delivered to the customer
16. Business typically divide the profits among themselves.
19. Where and how the product or service will be sold
20. Change the actual price to high and lowering it over time.