POB Unit 7 Review

POB Unit 7 Review

9th - 12th Grade

14 Qs

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POB Unit 7 Review

POB Unit 7 Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Megan Marley

Used 298+ times

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14 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What marketing activity is taking place when a car dealership promotes their newest vehicle on the radio?

communicating with customers

finding out about customers

offering the products customers want

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which would probably result if a business reduced its marketing costs?

increased costs of production

decreased variety of consumer goods

increased consumer awareness of goods and services

decreased need for customer contact with businesses

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

According to the marketing concept, which option demonstrates customer orientation?

finding out what a buyer wants

researching a firm's competitors

convincing a buyer to buy

advertising the features of a product

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Each year, more than 500,000 people watch the Soccer World Cup sponsored by Adidas. What is being marketed by Adidas?

places

goods

ideas

services

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?

partnership

cooperative

corporation

proprietorship

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A type of business ownership in which one or more of the owners does not have full liability is called a:

general partnership.

limited partnership.

sole proprietorship.

service organization.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A characteristic of a sole proprietorship is that the owner:

has access to unlimited funds.

receives all the profit.

transfers all the risk.

delegates all functions.

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