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INTRO TO BUSINESS SEMESTER 1 FINAL -  (CH 1-5, STOCK, CH 13)

INTRO TO BUSINESS SEMESTER 1 FINAL - (CH 1-5, STOCK, CH 13)

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

Used 1+ times

FREE Resource

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62 questions

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1.

FLASHCARD QUESTION

Front

In a basic economic system, what primarily drives the prices of goods and services?

Back

Consumer demand and product supply.

2.

FLASHCARD QUESTION

Front

What is the main purpose of a business plan?

Back

To outline the strategic vision of a business, including goals and how to achieve them.

3.

FLASHCARD QUESTION

Front

For businesses to stay successful, they must offer: quality products, competitive prices, outstanding service, all of the above

Back

all of the above

4.

FLASHCARD QUESTION

Front

Market research provides information that can help a business

Back

identify opportunities, evaluate demand, respond to market goods and services

5.

FLASHCARD QUESTION

Front

________ refers to the quantity of a good or service that businesses are willing and able to provide.

Back

Supply

6.

FLASHCARD QUESTION

Front

In a ________ the resources are owned and controlled by the government.

Back

Command Economy

7.

FLASHCARD QUESTION

Front

The first step in the decision-making process is to _______

Back

Define the problem

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