Income Opportunities Quiz

What is income?

• A community project

• A type of service

• Money earned from selling products

• A business opportunity

What does the term 'opportunity' mean?

• A chance to do something helpful

• A product sold

• A service provided

• A type of income

Which of the following is an example of an opportunity?

• Going to school

• Watching TV

• Buying groceries

• Watering a neighbor's plants for pay

What is an entrepreneur?

• A person who identifies a business opportunity

• A person who sells products

• A type of income

• A consumer of services

What are durable goods?

• Goods that last a long time

• Intangible products

• Goods that are used once

• Services provided by professionals

What is a service?

• A physical product

• A nonphysical good provided to customers

• A type of income

• A business opportunity

Which of the following is a characteristic of services?

• They are inseparable from the provider

• They are always consistent

• They can be stored

• They are tangible

What type of consumer looks for discounts and promotions?

• Impulsive consumer

• Discount consumer

• Loyal consumer

• Need-based consumer

What is a need-based consumer?

• A consumer who buys impulsively

• A consumer who looks for discounts

• A consumer who is loyal to a brand

• A consumer who buys only when necessary

What is the main focus of business services?

• Offering discounts

• Selling products

• Creating new products

• Providing personalized activities