Business and Economic Systems Quiz

What is the primary goal of a business?

• To create products

• To satisfy stakeholders

• To earn a profit

• To provide employment

Which of the following is NOT a key element of marketing?

• Price

• Profit

• Product

• Place

Who are considered stakeholders in a business?

• Only customers

• Only employees

• Only investors

• Customers, employees, investors, government regulators, and community

Which of the following is a demographic factor?

• Aging population

• Interest rates

• Trade agreements

• Wireless communications

Which of the following is a sociocultural force?

• Interest rates

• Genetic engineering

• More women in the workforce

• Taxation

Which of the following is NOT part of a company's external environment?

• Economic

• Chief Executive Officer

• Socio-cultural

• Demographic

Which of the following is an example of a technological development?

• Minimum Wage Laws

• Three-dimensional (3D) printing

• Rising affluence

• Trade agreements

Which of the following is a global force affecting businesses?

• Consumer Price Index

• Emergence of economies around the world

• Genetic engineering

• Minimum Wage Laws

the broad, long term accomplishments an organization wishes to attain

• goals
• profit
• bond
• retailers

In business, everyone works toward ? ________ goals.

• Shared

• Unrealistic

• Individual

• Undefined