Student Name: Class ID #Class Hour

Student Name: Class ID #Class Hour:

Consumer & Industrial Markets, Lesson 1-3

Marketing Math Skills:

A customer purchases two tables at $149.99 each and would like them to be delivered. Your company chargers customers $50 for delivery and the state imposes a 5% sales tax on the furniture, but not the delivery charge. What is the total amount due from the customer (show your math)?

At Computer World, someone without a marketing degree can get an entry-level job that pays $20,000 a year. A person with a marketing degree qualifies for the same job but will get paid 15% more per year. What is the starting salary of someone with a marketing degree at Computer World?
Since you have a background in marketing, your boss at your new job tells you that you are eligible for a 5% yearly increase in pay after one year If your salary is $32,000, what will your salary be next year.

What are Consumer and Industrial Markets:

Go to : (link on class web page) and read the article regarding a good and service. Define the difference between each and give three examples of each.

Good:

Examples:

Service:

Examples:

From the reading, what makes a good or service becomes an Economic good or service?

Use the internet to research the following terms: consumer market and industrial market. In paragraph format, define both in the space below.
Consumer Market:

Industrial Market:

After defining each, explain the primary difference between each market.

Read the following statements and decide:

Write your responses in the spaces provided (24 pts)

Good or Service / Consumer market or Industrial Market
Example: Ice Cream for private birthday party. / Good / Consumer