Quiz Economic activities

Economic activity is defined as…

• Activities done only by companies to earn profit

• Activities carried out by individuals to meet their needs

• Activities related only to buying and selling

• Government activities to collect taxes

Which of the following is an example of production activity?

• Buying vegetables at the market

• Delivering goods to consumers

• Growing rice in the rice field

• Eating ice cream

Answer explanation

Production is the process of…

• Using goods and services

• Delivering goods to consumers

• Creating or adding utility to goods and services

• Exporting goods abroad

The following are factors of production, except…

• Natural resources

• Labor

• Capital

• Consumer habits

The main goal of production activities is to…

• Reduce competition

• Serve and fulfill society’s needs

• Increase government power

• Limit consumer spending

Distribution is the activity of…

• Producing goods and services

• Using goods and services

• Delivering goods and services to consumers

• Importing goods from other countries

A vegetable seller who sells goods to buyers is involved in…

• Production

• Distribution

• Consumption

• Investment

Which of the following is NOT a distribution factor?

• Market

• Product

• Intermediary

• Income

In the coffee distribution chain, the party that processes raw coffee beans into ready-to-consume products is…

• Coffee farmer

• Distributor

• Processing factory

• Retailer

One strategy used by coffee businesses to adapt to challenges is…

• Stopping production

• Avoiding technology

• Using digital platforms to sell products

• Reducing product variety