
BMF1 3rd Nine Weeks Exam
Quiz
•
Business
•
9th Grade
•
Medium
Raven Jones
Used 2+ times
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54 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary purpose of creating a business plan?
To secure a lease for a physical location
To outline the business's goals, strategies, and financial forecasts
To design the company logo and branding materials
To recruit employees for the company
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a common type of business structure?
Sole Proprietorship
Partnership
Corporation
Co-operative
Autocracy
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is market segmentation?
Dividing a market into distinct sections that have common needs
The process of increasing market share through aggressive sales techniques
A strategy to reduce the number of competitors in the market
The division of a business into different departments
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a primary goal of marketing?
To reduce the overall cost of production
To identify and meet the needs and wants of customers
To increase the number of employees
To purchase more equipment for the business
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a source of startup funding?
Venture capital
Personal savings
Bank loans
Tax refunds
Crowdfunding
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does SWOT analysis stand for?
Strengths, Weaknesses, Opportunities, Threats
Systems, Workflows, Operations, Technologies
Strategic, Warranted, Objective, Tactical
Sectors, Winners, Outsiders, Trailblazers
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In customer segmentation, which factor is NOT typically considered?
Age
Income
Favorite color
Geographic location
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