
App Eco 12
Quiz
•
Social Studies, History
•
12th Grade
•
Practice Problem
•
Medium
Elyca Rodriguez
Used 1+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call the portion of current income not spent in consumption?
Savings
Investment
Money
Budget
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call the ability to convince people to see your point of view and get them interested in your ideas?
Risk-taker
Appeal
Persuasiveness
Guessing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a business plan?
Attract lenders and investors.
Enable an entrepreneur to take his or her company public.
Guide a company by plotting a strategy for its success.
Meet SEC and other legal requirements designed to protect lenders and investors.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary source of small businesses’ failures?
Lack of capital
Poor location
Management incompetence
Improper inventory control
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A marketing plan should _____.
Determine customers’ needs and wants through market research.
Pinpoint specific target markets the company will serve.
Analyze the firm's competitive advantages and build a marketing strategy around them.
All of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reason why the majority of customers stop patronizing a particular store?
The products’ price is too high.
The products’ quality is too low.
An indifferent employee treated them poorly.
It failed to advertise enough.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can a company do to achieve stellar customer service and satisfaction?
Listen to customers with the help of suggestion boxes, focus groups, surveys, and other tools.
Define what "superior service" means so that customers and employees know exactly what to expect and what to provide.
Hire friendly, courteous sales and service representatives.
All of the above.
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