Basic Business Terms
Authored by Rachel Berube
Science
5th - 7th Grade
NGSS covered
Used 104+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Products are:
acts performed for the benefit of others.
goods produced or manufactured to be sold.
things created to be used by people.
Tags
NGSS.MS-PS1-3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A service is:
a product offered in return for payment.
a random act of kindness.
work done for pay that benefits others.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the target market of Lunchables?
Senior citizens
Students
Babies
Prisoners
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of promoting, selling, and distributing a product or service
Advertisement
Business
Marketing
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Expenses are
the end-result of selling a product
expensive!
the money spent on supplies & investments
important in setting the price of a product or service
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business' revenue is the
Profits Minus the Expenses
The total amount of money earned from selling a product before expenses are subtracted
The expenses plus the profits
The total amount of money earned with the exception of wages being paid
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue - Expenses =
Cost
Sales
Money
Profit
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