Review Quiz
Authored by Teacher Mae
Financial Education
12th Grade
Used 1+ times
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7 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What is the term for the "race to win customers" between different businesses?
(a)
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What are the people or companies that provide you with the materials you need to run your business called?
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What is the term for other businesses that sell the same or a similar product as yours?
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What are different products that people might choose instead of yours, even if they aren't exactly the same?
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
TRUE OR FALSE The document states that a better understanding of customers leads to more successful business decisions.
(a)
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
TRUE OR FALSE. The document clarifies that competition is a concept, while competitors are the actual businesses you are up against.
(a)
7.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
TRUE OR FALSE. Studying competitors helps you identify their strengths and weaknesses, allowing you to improve and differentiate your own business.
(a)
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