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QUIZ 1 and 2 BES

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

Are companies that may be classified in more than one type of business.

a)

Merchandising Business

b)

Manufacturing Business

c)

Service Business

d)

Hybrid Business

2.

Business that purchases finished products and resells them to consumers.

a)

Merchandising Business

b)

Manufacturing Business

c)

Service Business

d)

Sole partnership

3.

Form of business where two or more people share ownership.

a)

Sole Proprietorship

b)

Corporation

c)

Partnership

d)

Single ownership

4.

A business organization that has a separate legal personality from its owners.

a)

Company

b)

Corporation

c)

Partnership

d)

Sole Proprietorship

5.

A business owned by only one person.

a)

Hybrid Business

b)

Corporation

c)

Partnership

d)

Sole Proprietorship

6.

Food processing, such as producing canned meat, frozen goods, dairy products, bottled drinks, also bakeries and oil mills.

a)

Manufacturing Business

b)

Merchandising Business

c)

Service Business

d)

Company corporation

7.

Example of this business are Hospitals and clinics, schools, museums, banks.

a)

Manufacturing Business

b)

Service Business

c)

Merchandising Business

d)

Sole Proprietorship

8.

Business that combines raw materials, labor, and overhead costs in its production process.

a)

Partnership

b)

Service Business

c)

Merchandising Business

d)

Manufacturing Business

9.

Type of business provides intangible products (products with no physical form).

a)

Service Business

b)

Merchandising Business

c)

Manufacturing Business

d)

Corporation

10.

This type of business buys products at wholesale price and sells the same at retail price.

a)

Manufacturing Business

b)

Service Business

c)

Merchandising Business

d)

Sole Proprietorship

11.

These are the people who are involved in selling and supporting your product or service to the customer.

a)

Entrepreneurship

b)

People

c)

Consumer

d)

Promotion

12.

Refers to the way your product or service appears from the outside.

a)

Promotion

b)

People

c)

Packaging

d)

Positioning

13.

It is where your products and services are seen, made, sold or distributed.

a)

Promotion

b)

Positioning

c)

Price

d)

Place

14.

The objective of this is to establish the image or identity of a brand.

a)

Packaging

b)

Promotion

c)

Positioning

d)

People

15.

These Entrepreneurs are people who follow the path shown by innovative entrepreneurs.

a)

Imitating Entrepreneur

b)

Drone Entrepreneur

c)

Fabian Entrepreneur

d)

Social Entrepreneur

16.

Are those individuals who are satisfied with the existing mode and speed of business activity

a)

Imitating Entrepreneur

b)

Drone Entrepreneur

c)

Fabian Entrepreneur

d)

Social Entrepreneur

17.

Ways to persuade the customers and how to make customer to buy and sell the product and service that you offer.

a)

Packaging

b)

Packaging

c)

Promotion

d)

People

18.

The value or amount of product or service that you offer.

a)

Discount

b)

Price

c)

Sale

d)

Service

19.

The following are the seven elements in marketing strategy EXCEPT ONE.

a)

Price

b)

Promotion

c)

People

d)

Payroll

20.

Planned, or mixing products and services appropriate and suited for the market and for the customer today.

a)

Price

b)

Place

c)

People

d)

Product