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Marketing Ch. 6.1

Authored by Carol Rachels

Business

9th - 12th Grade

Used 23+ times

Marketing Ch. 6.1
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Science that deals with examining how goods and services are produced, sold, and used.

capital good

economics

entrepreneurship

labor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

economic principle relating the quantity of products available to meet consumer demand

factor of production

labor

productivity

supply and demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Occurs when demand is higher than the available resources

factor of production

natural resources

scarcity

technology

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the value of the best option you did not choose

infrastructure

land

natural resources

opportunity cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the work performed by people in business

land

natural resources

labor

none of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of work a person can do in a specific amount of time

natural resources

productivity

technology

entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a product that businesses use to produce other goods, rather than being bought by consumers

capital good

infrastructure

land

natural resources

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