Chapter 1 and 2 Exam Principles of Business Marketing and Finance

Chapter 1 and 2 Exam Principles of Business Marketing and Finance

9th - 12th Grade

25 Qs

quiz-placeholder

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Chapter 1 and 2 Exam Principles of Business Marketing and Finance

Chapter 1 and 2 Exam Principles of Business Marketing and Finance

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Jacob Phillips

Used 53+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

individual or group that buys products

customer

business

product

service

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Customers who purchase goods or services for their own use

Business

customer

product

Consumer

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

characteristics of a product that satisfies wants and needs. Means usefulness or satisfaction

product

business

utility

profit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the process of making choices that reflect goals by considering all the pros and cons and weighing the costs and benefits of the alternatives.

mixed economy

opportunity costs

factors of production

systematic decision making

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

says that the price of a product is determined by the relationship of the supply of a product and demand for the product

law of supply and demand

economic system

capital goods

factors of production

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The gradual rise in prices

savings

principal

inflation

deflation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The money or fee you pay for borrowing money

deposits

withdrawls

capital gains

Interest

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