Commerce Day Quiz

What is the primary objective of a business?

• a) Profit-making
  
  
  

• b) Employee welfare

• c) Environmental sustainability

• d) Community development

Which of these is an example of a fixed cost?

• a) Raw material cost

• b) Utility bills

• c) Rent of office space

• d) Commission on sales

What is the full form of GDP?

• a) General Development Plan

• b) Gross Domestic Product

• c) Global Data Processing

• d) Government Development Program

Which company is known as the world's largest online retailer?

• a) eBay

• b) Amazon

• c) Walmart

• d) Alibaba

What is the term for a market structure where only one seller exists?

• a) Monopoly

• b) Oligopoly

• c) Duopoly

• d) Perfect competition

Which of the following is an example of a capital good?

• a) A car used for personal use

• b) A sewing machine in a factory

• c) Food purchased at a restaurant

• d) Clothes sold in a retail store

Who is the founder of Tesla, Inc.?

• a) Jeff Bezos

• b) Steve Jobs

• c) Elon Musk

• d) Bill Gates

Which term describes the process of creating and maintaining strong relationships with customers?

• a) Branding

• b) Marketing

• c) Customer Relationship Management (CRM)

• d) Advertising

What does SWOT analysis stand for?

• a) Strengths, Weaknesses, Opportunities, and Threats

• b) System, Work, Organization, and Technology

• c) Sales, Workforce, Operations, and Team

• d) Strategies, Worth, Objectives, and Tactics

Which company was famously started in a garage by Steve Jobs and Steve Wozniak?

• a) Microsoft

• b) Apple

• c) IBM

• d) Dell