What is the primary purpose of business activity?

Quiz on The Nature of Business

Quiz
•
Financial Education
•
12th Grade
•
Easy
Claudine Rensburg
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To conduct market research
To manage human resources
To produce goods or services
To create a unique selling proposition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a tangible good?
Consulting
Hairdressing
Insurance
Cars
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does adding value to a product mean?
Eliminating competition
Reducing customer satisfaction
Differentiating products from competitors
Increasing production costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the transformation process, what are inputs?
The marketing strategies employed
The profits generated from sales
The resources used to create goods and services
The final products sold to customers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of resource used in business?
Digital
Physical
Human
Financial
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a capital-intensive production process?
One that focuses on customer service
One that uses minimal resources
One that relies heavily on machinery costs
One that requires more labor than machinery
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the Human Resources function?
To manage financial records
To oversee production processes
To conduct market research
To organize and develop human resources
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