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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
need
B
services
C
goods
D
want
2) Things you must have
A
need
B
service
C
good
D
want
3) Process to help consider your alternatives
A
market research
B
business
C
competition
D
decision making process
4) Act of gathering and analyzing information
A
consumer
B
competition
C
profit
D
market research
5) Money left over after a business has paid all bills
A
business
B
resources
C
goods
D
profit
6) Items people can use to make or obtain what they need or want
A
goods
B
resources
C
services
D
decision
7) Contest between business to win customers
A
competition
B
need
C
want
D
resources
8) Any commercial activity that seeks profit by providing goods and services
A
goods
B
resources
C
business
D
competition
9) Person who uses goods services
A
want
B
market research
C
consumer
D
need
10) Physical Products
A
resources
B
services
C
goods
D
profit
11) If you had $10 to spend, which of the following needs is the best choice?
A
haircut
B
new shoes
C
food
D
new bike
12) Which is/are examples of resources
A
insurance, sports, and entertainment
B
roller skates and cars
C
money, fuel, and labor
D
a tax preparer
13) Which of the following explains why businesses must satisfy needs first, than wants
A
limited resources
B
gobalization
C
business tariffs
D
competition is intense
14) Which of the following satisfies a public want
A
a libraru
B
a home computer for your business
C
a new table
D
rent
15) True or False: Business is any activity that seeks profit by providing goods and services
A
True
B
False
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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