Define business
Authored by John Lichtle
Business
8th Grade
Used 14+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of business?
Any commercial activity that seeks profit by providing goods and services to others in exchange for money
Money left over after a business has paid the cost of providing its goods and services
A group of people identified as those most likely to become customers
The contest between businesses to win customers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of profit?
Any commercial activity that seeks profit by providing goods and services to others in exchange for money
The money left over after a business has paid the cost of providing its goods and services
A group of people identified as those most likely to become customers
The contest between businesses to win customers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of target market?
Any commercial activity that seeks profit by providing goods and services to others in exchange for money
The money left over after a business has paid the cost of providing its goods and services
A group of people identified as those most likely to become customers
The contest between businesses to win customers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of competition?
Any commercial activity that seeks profit by providing goods and services to others in exchange for money
The money left over after a business has paid the cost of providing its goods and services
A group of people identified as those most likely to become customers
The contest between businesses to win customers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the motive of business?
To provide goods or services
To make a profit
To have fun
To sell stuff
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What do businesses supply?
Motivation
Profit
Goods
Services
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The wealth created by businesses benefits the entire community because…
Businesses pay taxes
Provide jobs
Nothing
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