Entrepreneurship II:  Objective 4.02 Vocabulary Quiz

Entrepreneurship II: Objective 4.02 Vocabulary Quiz

9th - 12th Grade

21 Qs

quiz-placeholder

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Entrepreneurship II:  Objective 4.02 Vocabulary Quiz

Entrepreneurship II: Objective 4.02 Vocabulary Quiz

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Nina Southern

Used 1+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The financial resources that businesses can use to fund their operations like cash, machinery, equipment, and other resources.

Market Share

Capital

Growth Potential

Competitive Advantage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rivalry between two or more businesses to attract scarce customer dollars.

Competition

Direct Competition

Indirect Competition

Competitive Advantage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any condition or circumstance that puts a business in a favorable position over its competitors.

Market Share Analysis

Competitive Analysis

Competitive Advantage

Strength

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of comparing a business’s income statement with that of its competitors to see how it is doing by industry standards.

Competitive Information

Competitive Analysis

Competitive Advantage

Market Strategy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything related to the competitive environment or to a competitor. For example, information related to products, services, pricing, or marketing plans.

Competitive Analysis

Competitive Advantage

Competitive Information

Marketing Strategy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A rival business that seeks to attract the same scarce customer dollars.

Competitive Advantage

Marketing Strategy

Competitor

Threats

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rivalry between or among businesses that offer similar types of goods or services.

Secondary Competition

Indirect Competition

Direct Competition

Secondary Competition

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