Intro to Business - Unit 1 Test

Which business type takes raw materials from the earth?

• Processor

• Producer

• Service Firm

• Manufacturer

Which of the following is an example of a producer?

• Farming

• John Morrells

• General Motors Company

• Facebook

Businesses are categorized by which of the following?

• Where they are located.

• The number of workers that they have.

• How much money they make.

• The work they perform.

Human Resources would help with all of the following except...

• The hiring process.

• Planning the daily functions of the business.

• Orientation of new employees.

• Training and development of the staff.

Jackie trains hard for a 1/2 marathon to win a $100 Scheels gift card prize.

• Intrinsic motivation

• Extrinsic motivation

Noah spends his Sunday afternoon putting together a puzzle since he finds puzzles fun.

• Intrinsic motivation

• Extrinsic motivation

Which of the following is NOT one of the 4Ps?

• Product
• Packaging
• Place
• Price

What is the first stage in the product life cycle?

• Decline
• Maturity
• Growth
• Introduction

What is NOT an example of 'Place' in the context of the Marketing Mix?

• Quality

• Channels to the consumer

• Geographic location

• Online

The 4 components of the Marketing Mix are Product, Price, People, and Place? False True

• False
• True