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Intro to Business-Chapter1-2021

Authored by Steven Howard

Professional Development

9th - 12th Grade

Used 1+ times

Intro to Business-Chapter1-2021
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business process of creating relationship with and satisfying customers.

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Marketing

Market Research

Market Study

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers to people that are responsible for running a business?

Stockholders
Officers
Management

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a consumer?

a person who takes things

a person who purchases goods and services for personal use

a person who takes good away

the economic factors affecting the price, demand, and availability of a commodity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a producer?

a person who gives goods away

things people would like to have

the exchanged of goods and services without the use of money

a person, company, or country that makes grows, or supplies goods for sale

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy involves trading, and doesn't usually use money?

traditional

command

mixed

market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the supply of a good is higher than the demand, what happens to the price?

stays the same

price increases

price decreases

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Basic things humans need to survive

want

import

need

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Microsoft

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Apple

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