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Marketing and Business Quiz #1

Total questions: 28

Worksheet time: 14mins

Name
Class
Date
1.

What is business?

a)

Exchanging money for something of value, either a product or service

b)

Activity that satisfies economic needs and/or wants of customers

c)

A store that sells goods

d)

A job

2.

What are the primary functions of business?

a)

Production and finance

b)

Marketing and management

c)

Production and management

d)

Marketing and production

3.

What are the secondary functions of business?

a)

Marketing and production

b)

Marketing and management

c)

Finance and management

d)

Production and management

4.

A marketplace is:

a)

a grocery store

b)

any location

c)

anywhere a product is sold to a seller

d)

anywhere a product is sold to a buyer

5.

In terms of the categories of businesses, which of the following is a producer?

a)

A car-wash

b)

Apple

c)

K-Mart

d)

A haristylist

6.

In terms of the categories of businesses, which of the following is a trade industry?

a)

A farmer

b)

A retail store like Target

c)

An automobile production facility

d)

A hair salon

7.

In terms of the categories of businesses, which of the following is an example of a service business?

a)

Cordell's Automotive

b)

McDonald's

c)

Walmart

d)

An ice cream truck

8.

Which of the following characteristics matches the business: Pizza Corral

a)

Large

b)

Small

9.

Which of the following characteristics matches the business: Moxy Salon and Spa

a)

Domestic

b)

Global

10.

Which of the following characteristics matches the business: Facebook

a)

Public

b)

Private

11.

Which of the following characteristics matches the business: Subway

a)

Profit

b)

Nonprofit

12.

Which of the following characteristics matches the business: Adidas

a)

Goods

b)

Services

13.

Which of the following characteristics matches the business: Ford

a)

Large

b)

Small

14.

Which of the following characteristics matches the business: Amazon

a)

Domestic

b)

Global

15.

Which of the following characteristics matches the business: Altra Federal Credit Union

a)

Public

b)

Private

16.

Which of the following characteristics matches the business: Boys and Girls Club

a)

Profit

b)

Nonprofit

17.

Which of the following characteristics matches the business: Instagram

a)

Goods

b)

Services

18.

True or false: E-commerce is buying and selling of goods through the use of non-electronic networks, usually a store.

a)

True

b)

False

19.

Marketing is the bridge between the ______________ and the _______________________.

a)

Producer

b)

Buyer

c)

Consumer

d)

Seller

e)

World

20.

What are the 7 things that can be marketed?

a)

People, places, services, organizations, non-durable goods, durable goods, ideas

b)

Things, places, services, organizations, non-durable goods, durable goods, ideas

c)

People, places, acts of kindness, organizations, non-durable goods, durable goods, ideas

d)

People, places, services, organizations, non-durable goods, durable goods, foods

21.

What marketing function is: Getting the money that is necessary to pay for the operations of a business.

a)

Pricing

b)

Financing

c)

Distribution

d)

Product Service Management

22.

What marketing function is: Communicating with potential customers to inform, persuade, or remind them about a business’s products.

a)

Distribution

b)

Marketing information management

c)

Selling

d)

Promotion

23.

What marketing function is: Getting the necessary information to make sound decisions.

a)

Marketing information management

b)

Selling

c)

Product service management

d)

Pricing

24.

Decisions dictate how much to charge for goods and services in order to maximize profits.

a)

Selling

b)

Distribution

c)

Pricing

d)

Promotion

25.

What marketing function is: Deciding where and to whom products need to be sold in order to reach the final users.

a)

Selling

b)

Product Service Management

c)

Distribution

d)

Marketing Information Management

26.

What marketing function is: Obtaining, developing, maintaining, and improving a product or a product mix in response to market opportunities.

a)

Product Service Management

b)

Promotion

c)

Financing

d)

Pricing

27.

What marketing function is: Provides customers with goods and services they want.

a)

Promotion

b)

Product Service Management

c)

Financing

d)

Selling

28.

In terms of the categories of businesses, which of the following is an example of a service industry?

a)

Cordell's Automotive

b)

McDonald's

c)

Walmart

d)

An ice cream truck