Final Exam Practice 12-4

Final Exam Practice 12-4

9th - 12th Grade

13 Qs

quiz-placeholder

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Final Exam Practice 12-4

Final Exam Practice 12-4

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Adam Brown

Used 27+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business provides legal rights to market an existing company's business model and brand name?

Franchise

Private

Monopoly

Nonprofit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a method of funding new business ideas and products that relies on receiving small contributions from many sources via the internet?

Bank loan

Trade credit

Venture capital

Crowdfunding

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What distinguishes a product/service from the competition?

Crowdsourcing

Customer segment

Unique value proposition

Technopreneurship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can an entrepreneur transfer risk to protect a business from liability?

Decrease prices

Eliminate competition

Purchase insurance

Increase supply

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Identify the FOUR elements of the marketing mix (4 P’s). (Choose 4)

Place

Product

Price

Partnering

Promotion

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are costs that fluctuate in proportion to the good or service that a business produces?

Variable costs

Total costs

Marginal costs

Fixed costs

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Identify the elements of a promotional mix (select 3)

Advertising

Personal selling

Sales promotions

Lifetime value

Customer acquisition cost

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