
Business Concepts Quiz
Authored by Mr B Crampton
Computers
10th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which stakeholder group includes people who work for the company?
Employees
Suppliers
Customers
Government
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of business ownership?
Monopoly
Partnership
Inflation
Recession
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of stakeholders?
They are always external to the business
They have no interest in the business outcomes
They can influence or be influenced by the business
They are only interested in profits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of business aims and objectives?
To confuse employees
To provide clear targets for the business
To increase operational costs
To reduce market share
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason a business may look to grow in size?
To open up other opportunities and increase profits
To reduce the number of employees
To decrease production costs
To limit market reach
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a way a business can grow?
Employing more people
Reducing product quality
Decreasing customer base
Limiting sales channels
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which strategy involves expanding the physical presence of a business?
Opening more branches
Reducing store hours
Decreasing product lines
Limiting customer service
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