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____ _______is doing or buying something because you want to feel accepted and valued by people your own age.  ____ _______ influences people’s spending, especially for teenagers. Most VLC students should be subjected to less of this than students in bricks and mortar schools.

Marketing research is the collection and analysis of information that is relevant to the marketing strategy.

Over the last 100 years in Canada businesses have responded to changing family lifestyles with goods and services that save time, are convenient, and improve efficiency. This is the power of free markets.

The Competition Act (federal Canadian government)  The purpose of this Act is to maintain and encourage competition in Canada in order to promote the efficiency and adaptability of the Canadian economy, in order to expand opportunities for Canadian participation in world markets while at the same time recognizing the role of foreign competition in Canada, in order to ensure that small and medium-sized enterprises have an equitable opportunity to participate in the Canadian economy and in order to provide consumers with competitive prices and product choices. Does this sound true or false based on course content?

Business is hard because pleasing other people is hard! But it is rewarding!! Your brain produces dopamine when you help others! Dopamine makes you feel good, it is almost like your brain was designed that way?

Most entrepreneurs who launch and lead their first small business set up the structure as…

Which is the least common form of investing for the average Canadian, especially if they have no children?

One formula for the calculation of gross profit is sales revenue – cost of goods sold. Peter Harley owns a company that sells $14,500 in widgets that cost $10 per widget. The widgets cost $5 to manufacture and $1 to ship his store where he sells them. His gross profit is…   Below are some of the costs in COGS:  Direct materials Direct labor Equipment costs involved in the production Utilities for the production facility Shipping costs

Most Canadians think working for someone else is less risky than starting your own business. Even if you disagree with that after taking this course would agree that most Canadians see entrepreneurship as more risky than getting a job?

Market share is a part of the overall market that has similar characteristics.