Marketing and Business Quiz #1

What is business?

• Exchanging money for something of value, either a product or service

• Activity that satisfies economic needs and/or wants of customers

• A store that sells goods

• A job

What are the primary functions of business?

• Production and finance

• Marketing and management

• Production and management

• Marketing and production

What are the secondary functions of business?

• Marketing and production

• Marketing and management

• Finance and management

• Production and management

A marketplace is:

• a grocery store

• any location

• anywhere a product is sold to a seller

• anywhere a product is sold to a buyer

In terms of the categories of businesses, which of the following is a producer?

• A car-wash

• Apple

• K-Mart

• A haristylist

In terms of the categories of businesses, which of the following is a trade industry?

• A farmer

• A retail store like Target

• An automobile production facility

• A hair salon

In terms of the categories of businesses, which of the following is an example of a service business?

• Cordell's Automotive

• McDonald's

• Walmart

• An ice cream truck

Which of the following characteristics matches the business: Pizza Corral

• Large

• Small

Which of the following characteristics matches the business: Moxy Salon and Spa

• Domestic

• Global

Which of the following characteristics matches the business: Facebook

• Public

• Private