Business Quiz

What is the primary goal of a business?

• To maximize profits

• To minimize costs

• To increase market share

• To improve brand image

Which business structure is owned by one person?

• Partnership

• Corporation

• Sole Proprietorship

• Cooperative

What is the term for a business's total revenue minus total expenses?

• Profit

• Loss

• Revenue

• Expenditure

Which marketing strategy involves promoting a product through social media influencers?

• Content Marketing

• Influencer Marketing

• Email Marketing

• Search Engine Optimization

What is the process of buying and selling goods or services online?

• E-commerce

• Digital Marketing

• Online Advertising

• Social Media Marketing

Which business function involves managing a company's finances?

• Accounting

• Marketing

• Human Resources

• Operations

What is the term for a business's reputation and identity?

• Brand

• Logo

• Product

• Service

Which type of business partnership involves shared ownership and decision-making?

• General Partnership

• Limited Partnership

• Sole Proprietorship

• Corporation

What is the process of introducing a new product or service to the market?

• Product Launch

• Market Research

• Product Development

• Marketing Strategy

Which business strategy involves expanding into new markets or industries?

• Diversification

• Market Penetration

• Product Development

• Market Segmentation