
Business and Marketing Concepts
Quiz
•
Business
•
7th - 8th Grade
•
Practice Problem
•
Easy
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Good
Tangible item produced and sold to consumers
An abstract concept or idea
A service provided to customers
A financial asset or investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Idea
A formulated thought or opinion
A physical object
A random guess
A feeling or emotion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market research
The process of gathering qualitative and quantitative data about consumers’ needs and wants
A method for analyzing stock market trends
A strategy for increasing product prices
A technique for improving employee productivity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics
The study of how to create unlimited resources
The science of how individuals, businesses, and governments make decisions about satisfying unlimited wants with limited resources
A field focused solely on government spending
The analysis of historical financial trends
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marketing
The process or technique of promoting, selling, and distributing a product or service
A method of financial analysis for businesses
A strategy for reducing production costs
A way to increase employee productivity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market share
The total revenue generated by a company in a year
The percentage of the market for a product or service that a company supplies
The number of products sold by a company
The total number of competitors in a market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marketing function
Distribution, financing, marketing information management, pricing, selling, product/service management, and promotion
Only concerned with advertising and sales
Focuses solely on product development
Involves only customer service and support
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