Understanding Business 12th Edition Chapters 6 & 7

Understanding Business 12th Edition Chapters 6 & 7

11th Grade - University

31 Qs

quiz-placeholder

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Understanding Business 12th Edition Chapters 6 & 7

Understanding Business 12th Edition Chapters 6 & 7

Assessment

Quiz

Business

11th Grade - University

Medium

Created by

Mirah Iskandar

Used 33+ times

FREE Resource

31 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

True

False

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Specific geographic areas to which governments try to attract private business investment by offering lower taxes and other government support

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Centers that offer new businesses low-cost offices with basic business services

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A business which is independently owned and operated and is not dominant in its field of operations and meets certain standards of size (set by the SBA) in terms of employees or annual receipts.

small company

private company

small business

private business

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s).

business strategy

business plan

marketing plan

marketing strategy

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