Business Summative Assessment-Revision

Which of the following best describes a sole proprietorship?

• Owned by shareholders

• Owned by one person

• Owned by partners

• Owned by the government

Which of the following is NOT part of the marketing mix?

• Product

• Price

• Place

• Purpose

Corporate Social Responsibility (CSR) refers to:

• Maximizing profits at all costs

• Engaging in ethical practices and contributing to society

• Advertising and promoting products effectively

• Focusing solely on customer satisfaction

Which type of business protects you by only making you responsible for the money you put in?

• Partnership

• Corporation

• Sole Proprietorship

• Franchise

An example of business ethics would be:

• Increasing prices without informing customers

• Providing honest information in advertisements

• Maximizing profits while ignoring environmental damage

• Decreasing product quality to save costs

Why is it important for a business in the UAE to follow ethical marketing practices?

• It helps the business gain trust and loyalty from customers

• It makes the products cheaper

• It allows the business to ignore customer needs

• It guarantees immediate profit

How can a sole proprietorship business in the UAE grow over time?

• By limiting the number of products offered

• By expanding its owner’s responsibilities

• By hiring many employees to take on different tasks

• By sharing ownership with other people

Why might a business decide to focus on environmental responsibility in its marketing?

• To attract customers who care about the environment

• To ignore competition

• To increase product prices

• To reduce the quality of their products

What could a company do to make sure its marketing strategy is effective?

• Ignore customer feedback

• Focus only on promoting the product and not the price

• Research customer needs and preferences

• Change the product design frequently

How can good business ethics improve a company’s relationship with its customers?

• By offering lower quality products at higher prices

• By being honest and transparent about products and services

• By avoiding any advertising or marketing

• By only focusing on profits and ignoring customer concerns