Exploring Business Question Preview (ID: 36655)


Marketing. TEACHERS: click here for quick copy question ID numbers.

Any commercial activity that seeks profit by providing goods and services
a) goods
b) business
c) resources
d) competition

Contest between business to win customers
a) competition
b) want
c) need
d) resources

Items people can use to make or obtain what they need or want
a) resources
b) services
c) goods
d) decision

Money left over after a business has paid all bills
a) profit
b) resources
c) business
d) goods

Act of gathering and analyzing information
a) consumer
b) competition
c) market research
d) profit

Process to help consider your alternatives
a) business
b) competition
c) market research
d) decision making process

Things you must have
a) need
b) good
c) want
d) service

Things you do not need
a) need
b) want
c) goods
d) services

Person who uses goods services
a) consumer
b) market research
c) need
d) want

Physical Products
a) services
b) goods
c) resources
d) profit

If you had $10 to spend, which of the following needs is the best choice?
a) food
b) new bike
c) haircut
d) new shoes

Which is/are examples of resources
a) roller skates and cars
b) insurance, sports, and entertainment
c) a tax preparer
d) money, fuel, and labor

Which of the following explains why businesses must satisfy needs first, than wants
a) gobalization
b) business tariffs
c) competition is intense
d) limited resources

Which of the following satisfies a public want
a) rent
b) a libraru
c) a new table
d) a home computer for your business

True or False: Business is any activity that seeks profit by providing goods and services
a) True
b) False
c)
d)

True or False: Profit is the amount of money left over after a business pays its expenses
a) True
b) False
c)
d)

True or False: You are a consumer when you purchase things youwant or need
a) True
b) False
c)
d)

True or False: Business affects you as a wage earner, because businesses hire people to work
a) True
b) False
c)
d)

True or False: Businesses are hurt by competition
a) True
b) False
c)
d)

True or False: Businesses must satisfy their customers to remain successful
a) True
b) False
c)
d)

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