Question: 5. What is a Mission Statement? What's its value? C/D Pp. 23 6. What does SWOT stand for? When in the business cycle is it

5. What is a Mission Statement? What's its value? C/D Pp. 23 6. What does SWOT stand for? When in the business cycle is it used? Pp. 24-25 7. Define Target marketing. What does the instructor say are its two respective goals? C/D Pp 49-50 8. What are the 4 P's of the Marketing Mix? What's its value? C/D Pp. 28-29 9. Define Ethics. Can ethical behavior vary between cultures? Pp. 33 Explain. C/D 10. What does the Foreign Corrupt Practices Act prevent? Explain.C/D Pp. 39-40 11. Demographics would include what information (list at least 3)? How could this information be used by a business? C/D12.DefineInflation.WhywouldknowingtheinflationPp.5354 rate be important to a business? C/D13.DefineRecession.WhywouldknowinganPp.61 economy is in a recession be important to a business? Explain. C/D Pp. 62 14. What does GDP stand for? Give the definition. C/D Pp. 7273 15. Explain what 'Job Outsourcing' means? As an 15. Explain what 'Job Outsourcing' means? As an employee of a company why would this be important to you? C/D Pp. 73 16. Define Culture. When doing business, what is the value of understanding a customer's culture? is its main

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