Business Characteristics Vocabulary

Quiz
•
Business
•
10th Grade
•
Medium
JUANITA PEREZ
Used 13+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
Marketing
Management
Accounting
Production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
department responsible for producing goods and services in the most efficient and cost-effective manner
Distribution
Production
Score
Producers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
Marketing Mix
Maturity Stage
Product Life Cycle
Distribution
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem and self-actualization
Human Resources
Maslow's Hierarchy of Needs
Integration Heuristics
Psychoanalytic Theory
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
businesses which change raw or processed goods into finished goods
Service Firms
Manufacturers
Producers
Intermediaries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
Marketing
Finance
Management
Accounting
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
debts or obligations of a business
Finance
Liabilities
Assets
Owner's Equity
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