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WorksheetsBusiness Essential Unit 4
Total questions: 16
Worksheet time: 8mins
Which of the following is an example of one of a business's input?
service
products
employees
goods
Overall, what does marketing allow us to do?
stop buying online
live out daily lives
feel better about shopping
limit our spending
Which operations activity is also referred to a procurement?
logistics
inventory control
quality control
purchasing
Deciding how to transport goods is part of which operations activity?
logistics
scheduling
safety and security
maintenance and repairs
Which of the following is the most common reason for businesses to search for ways to make their products better and cheaper?
competition
publicity
e-commerce
service marketing
Which of the following is most likely to increase a company's capital assets?
purchasing land for future expansion
obtaining a loan to make payroll
reducing operational expenses
collecting accounts receivables
Which of the following activities is an aspect of marketing a service?
finding out customers' favorite coffee flavors
determining how much to charge for a haircut
developing a new, improved cell phone
advertising the state of Michigan on television
In the marketing concept, whose point of view matters most?
seller's
buyer's
marketer's
planner's
How does the finance function relate to company spending?
it plans and controls spending
it produces reports about spending
it spends in investments only
it does not relate to spending
According to the marketing concept, which option demonstrates customer orientation?
convincing buyer to buy
researching a firm's competitors
finding out what a buyer wants
advertising the features of a prodduct
Which of the following is a capital investment decision?
how to manage cash flow
how to handle accouts payable
how to finance investments
how to manage inventory
In an overall sense, where does marketing occur?
wherever advertisements are
wherever stores are
wherever businesses are
wherever customers are
Which of the following is true of working capital management?
it deals with accounts payable and receivable
it concerns long term decisions
it decides how investments will be financed
it determines which projects the business will invest in
Which of the following is an example of communicating with customers?
creating a new product
sponsing a charity event
choosing a store to distribute products
developing a marketing plan
Which of the following business activities monitors and controls the firm's revenue and debt?
finance
purchasing
human resources management
payroll
Which of the following financial reports provides estimates of when, where, and how much money will come into and out of a business next year?
balance sheet
cash flow
income statement
bank statement
