24-25 Business Foundations Midterm

24-25 Business Foundations Midterm

11th Grade

116 Qs

quiz-placeholder

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24-25 Business Foundations Midterm

24-25 Business Foundations Midterm

Assessment

Quiz

Other

11th Grade

Practice Problem

Hard

Created by

Lori Carter

Used 3+ times

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116 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following eras is known for focusing on customer relationships and brand loyalty?

Production Era
Relationship Era
Marketing Era
Industrial Revolution

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The rise of influential business leaders and monopolies occurred during which era?

Entrepreneurship Era
Industrial Revolution
Marketing Era
Production Era

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which factor of production refers to the financial resources used to start and run a business?

Natural Resources
Capital
Human Resources
Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The competitive environment is best described as:

The availability of raw materials.
The market where businesses compete for customer loyalty.
The technological advances that affect business operations.
The societal trends that influence business decisions.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT considered a factor of production?

Natural Resources
Human Resources
Marketing
Capital

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The shift from a focus on production efficiency to customer orientation occurred during the:

Production Era
Marketing Era
Relationship Era
Entrepreneurship Era

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The environment that includes population trends and changing cultural norms is known as the:

Social Environment
Economic Environment
Competitive Environment
Technological Environment

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