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Business Full Quiz

Authored by Daniel Attfield

Other

10th Grade

Used 2+ times

Business Full Quiz
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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do new business ideas come about?

Changes in technology

Decrease in population

Increase in taxes

Reduction in global trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way new business ideas come about?

Copying competitors

Original ideas

Reducing prices

Increasing advertising

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk in business activity?

Business success

Financial loss

Increased market share

Higher customer satisfaction

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a reward of business activity?

Business failure

Profit

Lack of security

Increased competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one role of business enterprise?

To reduce employee wages

To produce goods or services

To limit customer choices

To decrease product quality

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a role of entrepreneurship?

Avoiding risks

Organising resources

Limiting innovation

Reducing market size

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key components of customer needs?

Price, quality, choice, convenience

Location, demographics, age, income

Risk, competition, market gaps

Strengths, weaknesses, opportunities, threats

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