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Business Essentials Final Review

Authored by Connie Heskamp

Computers

8th Grade

Used 4+ times

Business Essentials Final Review
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

One benefit of a competitive analysis is to better understand:

your strengths and weaknesses

your suppliers’ intellectual property (I.P.)

your competitors’ strengths and weaknesses

government regulations

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Consumers have the most buying power with this type of market model.

pure competition

price competition

oligopoly

monopolistic competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

The U.S. economy is built on the economic system called ___________.

privately-owned

innovation

direct competition

capitalism

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Business is about ___________ managing business functions.

information

technology

people

markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

A company’s purpose, reason for being, and problem it is solving is its:

strategy

target market

profit margin

mission

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Inspiring, motivating, influencing and maximizing the efforts of people towards a common purpose is:

membership

repetitive

leadership

procedural

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

The shared beliefs, values, goals, attitudes, and behaviors of a company’s employees is the:

company culture

company values

leadership style

management style

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