Business terminology

What is a business?

• A decision-making organization involved in the process of generating monthly expenses.

• A decision-making organization involved in the process of using outputs to produce goods or provide a service.

• A decision-making organization involved in the process of using inputs to produce goods or provide a service.

The best definition for the term "Turnover" is __________________.

• The rate at which employees leave a workplace and then are replaced

• The rate at which employees leave a workplace and then are not replaced

• The rate at which employers leave a workplace and then are replaced

The best definition for the term "Customer" is__________________.

• Any person or organization who uses a product and produce goods.

• Any person or organization who buys a product or get a service

• Any person or organization who starts a new business

The best definition for the term "B2C" is _______________.

• It is a form of legal transaction between a business and a company

• It is a form of legal transaction between a business and a corporation

• It is a form of legal transaction between a business and a customer

The best definition for the term "Brand" is _________________.

• A type of product manufactured by a particular company but under an existing name

• A type of product manufactured by a particular company and under a particular name

• A type of product manufactured by a particular company but without a name

Identify and choose the correct business term

• Limit hour

• Deadline

• Deadpool

• Limitless

• Delivery

• Payment

• Inventory

• Advertise