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Exploring Business
Test Description: Marketing
Instructions: Answer all questions to get your test result.
1) Things you do not need
A
goods
B
need
C
services
D
want
2) Things you must have
A
need
B
good
C
want
D
service
3) Process to help consider your alternatives
A
business
B
competition
C
decision making process
D
market research
4) Act of gathering and analyzing information
A
market research
B
consumer
C
competition
D
profit
5) Money left over after a business has paid all bills
A
resources
B
profit
C
business
D
goods
6) Items people can use to make or obtain what they need or want
A
resources
B
decision
C
services
D
goods
7) Contest between business to win customers
A
resources
B
need
C
want
D
competition
8) Any commercial activity that seeks profit by providing goods and services
A
competition
B
goods
C
business
D
resources
9) Person who uses goods services
A
consumer
B
market research
C
want
D
need
10) Physical Products
A
profit
B
resources
C
services
D
goods
11) If you had $10 to spend, which of the following needs is the best choice?
A
food
B
new bike
C
new shoes
D
haircut
12) Which is/are examples of resources
A
roller skates and cars
B
money, fuel, and labor
C
insurance, sports, and entertainment
D
a tax preparer
13) Which of the following explains why businesses must satisfy needs first, than wants
A
limited resources
B
competition is intense
C
business tariffs
D
gobalization
14) Which of the following satisfies a public want
A
a home computer for your business
B
rent
C
a libraru
D
a new table
15) True or False: Business is any activity that seeks profit by providing goods and services
A
False
B
True
16) True or False: Profit is the amount of money left over after a business pays its expenses
A
False
B
True
17) True or False: You are a consumer when you purchase things youwant or need
A
True
B
False
18) True or False: Business affects you as a wage earner, because businesses hire people to work
A
False
B
True
19) True or False: Businesses are hurt by competition
A
False
B
True
20) True or False: Businesses must satisfy their customers to remain successful
A
True
B
False
*select an answer for all questions
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