Introduction to Business

Resources found in nature are called?

• Human
• Natural
• Capital
• Entrepreneurial

Money, equipment, trucks and factories are considered this type of resource?

• Human
• Natural
• Capital
• Entrepreneurial

Employees, managers, delivery drivers are considered to be this type of resource?

• Human
• Natural
• Capital
• Entrepreneurial

The person who had the idea to start a business or develop a product is considered to be this type of resource?

• Human
• Natural
• Capital
• Entrepreneurial

Food, water, clothes and shelter are called?

• Good
• Need

Cell phones, expensive shoes, expensive cars are considered to be?

• Needs
• Wants

Similar business vying for the same customers is called?

• Marketing
• Finance
• Sales
• Competition

If there is only one seller of a certain good and everyone has to buy from this seller, this is called

• Oligopoly
• Monopoly

SWOT analysis stands for

• Sales, Workers, Online orders, transportation
• Strengths, Weaknesses, Opportunities and Threats

The 4 P's of Marketing are?

• Products, Price, Place and Promotion
• People, Products, Publicity, Planes