Blank Jeopardy

1
General Purchasing
Discounts
Miscellaneous Topics
Promotion
Price Components
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2
Companies get information about what to purchase
from these three sources.
3
What are customers, comparison records, and
competition?
4
This is the term used when a buyer must pay
within 30 days from the invoice date.
5
What is net 30 days?
6
This is a term used for payment that means
payment must be made within 10 days to receive a
2 discount.
7
What is 2/10?
8
This is the original price that the seller posts
on the product.
9
What is the list price?
10
The actual price a customer paid for a product.
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What is selling price?
12
This is the general term of reducing the price in
order to encourage customers to buy.
13
What is a discount?
14
This is the price break for businesses who
provide additional services for the manufacturer.
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What is trade discount?
16
This is the price break for customers that buy in
larger quantities than minimum.
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What is a quantity discount?
18
This is a price break for paying by a certain
date.
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What is a cash discount?
20
This is a price break for purchasing in advance
of the normal buying period.
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What is a seasonal discount?
22
This is defined by law as misleading in a
material respect.
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What is false advertising?
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This is providing all information necessary for
consumers to make an informed decision.
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What is full disclosure?
26
This type of advertising media is the most
commonly used by businesses that includes TV and
radio.
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What is mass media advertising?
28
This is when a company must use its own
advertising budget to run new advertisements
correcting the misleading information.
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What is corrective advertising?
30
An effort by the customer to avoid making a
decision to purchase a product.
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What are objections?
32
This is a sale promotion that manufacturers use
to increase the sales of a product for a short
time.
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What are coupons?
34
This is the ultimate goal of a salesperson.
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What is providing customer satisfaction?
36
Examples include sending a thank you note and
checking with a customer after an order.
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What is follow-up?
38
A promotional activity designed to familiarize
customers with a new product and to create a
demand for it.
39
What are product samples?
40
These include status, affection, love of beauty,
comfort, enjoyment, desire for good health,
recognition, fear, ease of use, appetite, wealth,
amusement, desire for bargains, pride of
ownership, or friendship.
41
What are buying motives?
42
These are the costs of operating the business not
directly associated with the product such as
rent, delivery, and equipment.
43
What are operating costs?
44
This term is also referred to as gross profit.
45
What is margin?
46
This is the formula for figuring the net profit.
47
What is selling price cost of goods sold
operating expenses?
48
Total cost of materials, operations, and
personnel to make the product.
49
What is cost of goods sold?
50
This is calculated by adding the cost of goods
sold, operating expenses, and net profit.
51
What is the selling price?