Business Definitions Quiz

Business Definitions Quiz

11th Grade

•

40 Qs

quiz-placeholder

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Business Definitions Quiz

Business Definitions Quiz

Assessment

Quiz

•

Business

•

11th Grade

•

Practice Problem

•

Medium

Created by

Frank Hufnagel

Used 1+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a product in business terms?

Only tangible items received in an exchange

Only intangible items received in an exchange

Everything one receives in an exchange, including all tangible and intangible attributes and expected benefits

Only the benefits received in an exchange

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a tangible item?

Service

Idea

Experience

Good

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an intangible item that is performed?

Good

Service

Idea

Experience

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an idea in the context of a product?

A tangible item

An emotional state from an action

A mindset or intellectual property

A performed intangible item

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an experience refer to in the context of a product?

A tangible item

An emotional state that you get from an action

A mindset or intellectual property

A performed intangible item

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a consumer product?

A product bought for resale

A product used in a firm's operations

A product purchased to satisfy personal and family needs

A product used for making other products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business product?

A product purchased to satisfy personal and family needs

A product bought for resale, making other products, or using in a firm's operations

A product used by end users

A product sold directly to consumers

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