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1.01 Purpose Of Business Review
Test Description: What is the purpose and basic characteristics of business
Instructions: Answer all questions to get your test result.
1) Fulfills the needs and wants of the consumer by providing goods and/or serivces
A
Customer
B
Marketing
C
Products
D
Business
2) Necessary for survival
A
Needs
B
Cell Phones
C
Money
D
Wants
3) Nice to have but not necessary for survival
A
Needs
B
A rich and generous uncle
C
Goods and Services
D
Wants
4) Purchases goods and services
A
Products
B
Vendor
C
Customer
D
Business
5) The physical goods or services that can satisfy a customer's needs
A
Products
B
Business
C
Wants
D
Money
6) Babysitting, lawn care, waitressing, are examples of ...
A
Products
B
Wants
C
Services
D
Needs
7) Air, food, water, are examples of ...
A
Products
B
Services
C
Wants
D
Needs
8) Baker, computers, toys, dry cleaners are examples of ....
A
Services
B
Products
C
Wants
D
Needs
9) Physical items produced by businesses
A
Money
B
Services
C
Goods
D
None of the choices given
10) The motivation to start a business is...
A
Greed
B
To provide a community service
C
Profit and meeting the wants and needs of consumers
D
To avoid boredom
*select an answer for all questions
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