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Business Management (Deck B)

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Business

11th Grade

Business Management (Deck B)
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the ‘role of marketing’?

To develop strategies that maximise sales, increase brand awareness, and improve customer satisfaction.

To create advertisements that only focus on product features.

To conduct market research without any focus on customer needs.

To manage the supply chain and logistics of products.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define ‘separation’ (Human Resources- Staffing process)

The process of recruiting new employees.

The ending of the employment relationship; the process of employees leaving voluntarily or involuntarily.

The training and development of existing employees.

The evaluation of employee performance.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define ‘acquisition’ (Human Resources- Staffing process)

The process of attracting and recruiting the right staff for roles in a business.

The method of training existing employees for new roles.

The strategy of outsourcing recruitment to third-party agencies.

The evaluation of employee performance and productivity.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is ‘placement’ (Business Management- Marketing)?

The process of advertising a product to consumers.

How a product is made available to the market, including transportation and storage.

The strategy of pricing a product competitively.

The method of designing a product to meet customer needs.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the components of a Cash Flow Statement?

Opening balance, cash inflow, total income, cash outflows, total expenses and closing balance.

Revenue, profit margin, net income, and cash reserves.

Assets, liabilities, equity, and retained earnings.

Sales revenue, cost of goods sold, operating expenses, and net profit.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Tangible products

Products that can be touched (e.g. a laptop).

Products that cannot be touched (e.g. software).

Products that are intangible and digital (e.g. e-books).

Products that are only available in virtual reality.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Intangible products

Services that cannot be touched (e.g. staying at a hotel).

Physical goods that can be touched and owned.

Products that are only available online.

Items that have no monetary value.

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