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practice for deca

9 Terms

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trade show

A trade show (also called a trade fair, trade exhibition, or expo) is an organized event where companies within a specific industry gather to showcase, demonstrate, and sell their latest products and services

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Middle managers

A middle manager is an organizational leader who sits between top-level executives (such as C-suite officers) and first-line supervisors or frontline staff

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Bilateral contract

A bilateral contract is a legally binding agreement in which both parties exchange reciprocal promises to perform a specific action

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Defensible agreement

A defensible agreement is a contract, policy, or legal position that can withstand scrutiny, audits, or challenges in court because it is backed by clear evidence, proper authority, and traceable records

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Sweepstakes

A business sweepstakes is a promotional marketing campaign where participants enter for a chance to win a prize selected through a random drawing, with no purchase or entry fee required to win.

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Semantic differential scale

A semantic differential scale is a survey and research tool that measures a person's subjective, emotional, and connotative attitudes toward a target (such as a brand, product, person, or concept) using pairs of bipolar adjectives

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pure competition

Pure competition (often used interchangeably with perfect competition) is an idealized economic market structure where a vast number of small businesses sell identical products, and no single firm has the power to control market prices

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matrix organizational structure

A matrix organizational structure is a workplace framework where employees have dual or multiple reporting lines—typically reporting to both a functional (department) manager and a project, product, or regional manager.

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keyboarding

is the act or technique of entering letters, numbers, symbols, and commands into a computer, word processor, or electronic device using a typewriter-style keyboard