Business Concepts Quiz

The area of work in which people investigate and test products.

• Human Resources

• Production

• Research and Development

• Customer Service

The amount of money a company receives from sales in a particular period is called:

• subsidiary

• turnover

• share price

• net profit

The main building or location of a large organisation is called:

• head office

• parent company

• subsidiary

• department

The money a company makes after taking away its costs and tax is called:

• net profit

• market share

• turnover

• expenditure

A company which owns another company is called a:

• company owner

• parent company

• subsidiary

• head office

A company which is more than 50% owned by another company is called a;

• company owner

• parent company

• subsidiary

• head office

A producer is another name for

• a supplier

• a distributor

• a manufacturer

• a retailer

Suppliers often sell large quantities of goods to these people, who do not usually sell directly to consumers. "These people" are called:

• manufacturers

• retailers

• distributors

• wholesalers

Customers who buy in bulk are usually offered a:

• refund

• discount

• delivery

• shipping

Consumers who are not fully satisfied with the goods they purchased are encouraged to:

• discount

• refund

• return

• remove