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WorksheetsBusiness and Marketing Quiz #1 Review
Total questions: 22
Worksheet time: 11mins
What is business?
Exchanging money for something of value, either a product or service
Activity that satisfies economic needs and/or wants of customers
A store that sells goods
A job
What are the primary functions of business?
Production and finance
Marketing and management
Production and management
Marketing and production
What are the secondary functions of business?
Marketing and production
Marketing and management
Finance and management
Production and management
A marketplace is:
a grocery store
any location
anywhere a product is sold to a seller
anywhere a product is sold to a buyer
What business is an example of a producer?
Apple
Doggie Daycare
Target
Kohl's
What business is an example of a trade industry?
Wal-Mart
Features
Ford
Altra Federal Credit Union
What business is an example of a service industry?
Starbucks
American Eagle
Moxy Salon and Spa
Wal-Mart
Is Apple a large or small business?
Large
Small
Is Culver's a domestic or global business?
Domestic
Global
Is the Red Cross a profit or non-profit business?
Profit
Nonprofit
Is Pizza Corral a public or private business?
Public
Private
Is Festival Foods a goods or service business?
Goods
Services
True or false: E-commerce is buying and selling of goods through the use of non-electronic networks, usually a store.
True
False
Marketing is the bridge between the _________ and the __________.
Producer, consumer
Consumer, producer
Producer, boss
Employees, consumer
What are the 7 things that can be marketed?
Goods, durable services, non-durable services, people, places, organizations, ideas
Durable goods, non-durable goods, services, people, places, organizations, ideas
Durable goods, non-durable goods, services, celebrities, places, organizations, ideas
Durable goods, non-durable goods, services, people, places, businesses, ideas
What function of marketing matches this definition?
Getting the money that is necessary to pay for the operations of a business.
Promotion
Distribution
Pricing
Financing
What function of marketing matches this definition?
Communicating with potential customers to inform, persuade, or remind them about a business’s products.
Promotion
Marketing and Information Management
Pricing
Selling
What function of marketing matches this definition?
Getting the necessary information to make sound decisions.
Financing
Marketing and Information Management
Distribution
Selling
What function of marketing matches this definition?
Decisions dictate how much to charge for goods and services in order to maximize profits.
Product Service Management
Pricing
Distribution
Promotion
What function of marketing matches this definition?
Deciding where and to whom products need to be sold in order to reach the final users.
Product Service Management
Financing
Distribution
Promotion
What function of marketing matches this definition?
Obtaining, developing, maintaining, and improving a product or a product mix in response to market opportunities.
Product Service Management
Financing
Selling
Promotion
What function of marketing matches this definition?
Provides customers with goods and services they want.
Marketing Information Management
Financing
Selling
Promotion
