
Business Fundamentals Flashcard
Flashcard
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others
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12th Grade
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Practice Problem
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Easy
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25 questions
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1.
FLASHCARD QUESTION
Front
What is the primary goal of a business?
Back
To generate profit and provide value to customers
2.
FLASHCARD QUESTION
Front
What is an entrepreneur?
Back
A person who starts and manages a business.
3.
FLASHCARD QUESTION
Front
Which of the following is not one of the three main types of business ownership? Sole proprietorship, Corporation, Partnership
Back
Nonprofit organization
4.
FLASHCARD QUESTION
Front
A target market is:
Back
A group of people most likely to buy a product or service
5.
FLASHCARD QUESTION
Front
Why is customer service important?
Back
It builds a good reputation and encourages repeat business
6.
FLASHCARD QUESTION
Front
What is a business plan?
Back
A written document outlining business goals and strategies.
7.
FLASHCARD QUESTION
Front
Which of the following is an example of a service-based business? A bakery selling cupcakes, A clothing store, A lawn care company, A bookstore
Back
A lawn care company
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