Understanding Economic Concepts

Understanding Economic Concepts

Professional Development

22 Qs

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Understanding Economic Concepts

Understanding Economic Concepts

Assessment

Quiz

English

Professional Development

Practice Problem

Easy

Created by

Viktoriia Kumchak

Used 1+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes a system where people share goods and services instead of owning them individually?

Sharing economy

Business model

On-demand access

Investment opportunities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a company wants to ensure its employees’ goals align with the company’s goals, it focuses on...

Finite resources

Aligning incentives

Zero waste

Collaborative consumption

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would a startup focus on when deciding how to generate revenue and provide value to customers?

Business model

Selfless actions

Drive customer loyalty

Aloof behavior

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a company wants to encourage repeat purchases and keep its clients, it should...

Drive customer loyalty

Have a knock-on effect

Spread the word

Make ends meet

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What describes the use of online platforms that allow instant access to goods or services when needed?

Zero waste

Finite resources

On-demand access

Intuitive decisions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to a system where people share access to products instead of owning them?

Selfless economy

Collaborative consumption

Business model

Conscientious marketing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Natural resources like fossil fuels and fresh water are examples of...

Finite resources

Investment opportunities

Drive customer loyalty

On-demand access

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