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WorksheetsFL Review Quiz
Total questions: 16
Worksheet time: 9mins
This advertisement shows that McDonald's and Secret Recipe have __________________.
competition against each other
business partnership
We do not need to learn when we do any business.
True
False
What should we learn as an entrepreneur? You may choose more than 1 answer.
business strategies
customers
current trends
ways to cheat the customers
To make a business successful, we must communicate with the customers.
True
False
Why should we listen to the customers? You may choose more than 1 answer.
argue with customers
get feedbacks from customers
build up relationship with customers
give customers a sense of belongingness
What should we do to provide excellent customer service? You may choose more than 1 answer.
be friendly to the customers
be rude to the customers
greet the customers politely
do not listen to the customers' needs
A person who buys a product or service is called as a _____________.
supplier
producer
seller
consumer
What are the 2 basic things that determine the price of a product?
supply
quality
value
demand
What is demand?
a consumer's desire for a product or service
the amount of goods that producers make
the quality of goods
the price of goods
What is supply?
the amount of goods that are left over
the quality of goods
the amount of goods available for consumers to buy
the price of goods
What is the law of demand?
The lower the price, the more you demand
The lower the price, the less you demand
What is the law of supply?
The higher the price, the less you supply
The higher the price, the more you supply
What will happen to the price of a product if the demand is more than the supply?
The price goes up.
The price goes down.
The price remains unchanged.
What will happen to the price of a product if the supply is more than the demand?
The price goes up.
The price goes down.
The price remains unchanged.
Cutting corners can help us to be successful in a business.
True
False
Which statement is TRUE about failure?
Failure is a great way for us to learn.
We will become weaker after the failure.
Failure enables us to make worse business decision.
We will fail at everything and never succeed forever.
