Business Test 3

Business Test 3

10th - 12th Grade

20 Qs

quiz-placeholder

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Business Test 3

Business Test 3

Assessment

Quiz

Business

10th - 12th Grade

Hard

Created by

Geri DeBruce

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Everything that one receives in an exchange, including all tangible and intangible attributes and expected benefits, is called a

trade

contract

product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good or service that is intended primarily for personal or household use is called a(n)____________ product.

convenience

business

consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Joe and Sue decided to buy new furniture for their living room. The spend considerable time shopping around. Bedroom furniture is best classified as a _________ product.

convenience

shopping

specialty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sheet steel to be used in making automobile fenders is an example of

supplies

raw materials

component parts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Walgreen's hires an accounting firm to compute the company's taxes, the accounting firm is providing a(n) __________ service.

governmental

institutional

business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first stage of the product life-cycle is the _________ stage.

introduction

growth

maturity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product usually declines because of technological advances or environmental factors or because

the price is too low

consumers have switched to competing brands

the price is too high

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