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Business Quiz

Authored by Marjorie Mauk

Business

7th Grade

Used 3+ times

Business Quiz
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26 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of a business?

To lose money

To provide jobs

To make a profit

To entertain people

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a main type of business organization?

Sole Proprietorship

Corporation

Partnership

Franchise

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for statistical data about a population?

Marketing

Demographics

Market Research

Economics

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is a logo important for a business?

It makes products more expensive

It helps people recognize the brand

It replaces the business name

It creates new products

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What do businesses consider when setting prices?

Competitor pricing

Personal preferences

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the 4 Ps of marketing?

Product, Price, Place, Promotion

Planning, Price, Product, Promotion

People, Price, Packaging, Place

Place, Product, Process, Promotion

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of marketing program is "Buy One, Get One Free"?

Loyalty Program

Sponsorship

Referral Program

BOGO

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