Business and Marketing Quiz

Business and Marketing Quiz

9th Grade

15 Qs

quiz-placeholder

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Business and Marketing Quiz

Business and Marketing Quiz

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

Amy Bolander

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the law that states the relationship between the supply of a product and the demand for that product?

Law of Supply

Law of Demand

Law of Equilibrium

Law of Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of business ownership?

Corporation

Sole Proprietorship

Partnership

Limited Liability Company (LLC)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the standards that govern right and wrong behavior in a business?

Laws

Rules

Ethics

Principles

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the process of promoting and selling a consumer good, service, or idea to a customer?

Product

Price

Place

Promotion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a component of the marketing mix?

Product

Price

Place

Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe a group of potential customers to whom a company wants to sell its products and services?

Target Market

Consumer Market

Segmented Market

Mass Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the accounting equation?

Assets = Liability + Owner's Equity

Assets = Revenue - Expenses

Assets = Liabilities - Owner's Equity

Assets = Liability - Owner's Equity

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