General finance and marketing

Who collects tax from individuals and businesses?

• The central bank

• The local businesses

• The government

• Non-profit organizations

Identify 2 financial documents a business uses.

• Purchase order and sales receipt

• Birth certificate and warranty card

• Menu and brochure

• Passport and driver's license

Explain the purpose of a purchase order.

• To track employee attendance

• To request goods or services from a supplier

• To record a company's stock prices

• To advertise new products to customers

True or false – consumers buy products to sell onto other people.

• True

• False

What does psychographic segmentation refer to in marketing?

• Segmenting the market based on geographic location

• Segmenting the market based on consumer behavior and lifestyle

• Segmenting the market based on age and gender

• Segmenting the market based on product usage rate

How might a business use demographic segmentation?

• By targeting customers based on their income levels

• By considering the competitor's pricing strategies

• By focusing on the psychographic aspects of the consumer

• By selling products without considering the market

What is competitor based pricing?

• Setting prices based on the cost of production

• Setting prices based on the prices of competing products

• Setting prices based on consumer demand

• Setting prices without considering the market

Which method of payment is most suitable when buying from an ice cream van?

• Credit card

• Cash

• Bank transfer

• Cryptocurrency

What is the preferred method of payment for an online bill?

• Cash

• Cheque

• Debit or credit card

• Physical goods exchange

What is cash considered in terms of payment methods?

• The newest form of payment

• The most traditional method of payment

• A digital method of payment

• An outdated method of payment