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WorksheetsBusiness and Marketing Final 12/18/2025
Total questions: 88
Worksheet time: 2hrs 37mins
Which activity is necessary for a business to keep running for a long time?
Expanding into global markets
Forming partnerships with competitors
Getting the resources needed to operate
Making brand awareness campaigns
Which group of activities is most important for managing money in a business?
Coming up with ideas, building models, testing with users
Planning, keeping track of, and controlling money
Hiring, teaching, and checking on workers
Wrapping products, sending them, helping customers
Which job is part of Human Resources Management?
Checking how well employees are doing at work
Deciding how much products should cost
Planning when machines get fixed
Organizing how products are delivered
Which department helps make sure the workplace is safe, fair, and runs smoothly?
Human Resources Management
Operations Management
Information Management
Strategic Management
What is the main goal of Information Management?
Lowering product prices during certain times of the year
Making sure the right information is available when it is needed
Making deals with suppliers for a long time
Creating fun advertisements
Which group of activities best describes what marketing is all about?
Creating, communicating, delivering, exchanging value
Planning, recruiting, selecting, training staff
Purchasing materials, inspecting quality, storing inventory
Auditing payroll, tax filings, expense reports
Which of these lists shows the main parts of the marketing mix?
Finding customers, setting prices, advertising, selling in stores
Getting supplies, making products, checking quality, storing items
Goals, plans, ideas, actions
Money planning, predicting sales, checking differences, making rules
What does Strategic management mean?
Making long-term plans to guide a company’s goals and use its resources wisely
Creating posts and campaigns for social media
Making daily work schedules for employees
Handling orders and bills from suppliers
Which department helps all other departments by providing data and technology tools?
Marketing
Operations
Information Management
Human Resources
Which type of business takes raw materials and makes them into products you can use?
Stores that sell things to customers
Companies that make finished products
Businesses that sell to other businesses
Companies that provide services, not products
Which of the following are types of producers in the economy?
Builders who construct buildings and roads
Retailers who sell products in stores
Manufacturers who make products from raw materials
Farms and other producers of raw materials
When events like fires or droughts happen, there are fewer natural resources available. What is the most likely effect?
Manufacturers stop offering services
The whole economy is affected
Only retailers adjust prices
Builders replace wholesalers
How do businesses help society?
Deciding what customers like
Hiring workers for other companies
Creating jobs and paying taxes
Making laws and rules
How does society support businesses?
By selling products to families
By making new technologies for companies
By creating customers and providing workers
By paying business taxes
What are economic resources?
Things that are made, like goods and services
Things used to make goods and services
Goods provided by the government
What people want and like
Which of the following is an example of a natural resource?
Delivery vehicles for shipping
Freshwater used in production
Retail stores in a city
Accounting software licenses
Which of the following best describes natural resources?
They are mostly equipment owned by companies
They can never run out and are always renewable
They are things found in nature like land and minerals
They include skills like entrepreneurship and management
Which of the following is an example of a human resource used in production?
A fleet of cargo trucks
A trained marketing manager
A patented drilling machine
A warehouse building
Which statement best explains the difference between capital goods and financial capital?
Capital goods are money that businesses have
Capital goods are manmade things used to make other products
Financial capital is made up of land and natural resources
Financial capital includes buildings and machines
Because resources are limited, what do businesses have to do?
Produce as much as they want
Decide how to use their resources
Give everyone everything they want
Never buy equipment or tools
Which statement best explains the relationship between people's wants and economic goods?
People have unlimited wants, but resources are limited
People want less as technology improves
There are unlimited economic goods because of technology
People have limited wants and unlimited resources
Which of the following sets lists the main characteristics that something must have to be considered an economic good?
Intangible, abundant, free, movable
Tangible, useful, scarce, transferable
Digital, necessary, taxed, portable
Visible, plentiful, durable, tradable
Which statement best explains what economic services are?
Products you can see and have set prices
Things you can touch and trade easily
Actions people do for others in exchange for money
Goods that are given away for free
What must be true for a service to be considered an economic service?
It must be something you can touch and lasts a long time
It must be free for everyone
It must be useful, limited, and able to be given to others
It must always be easy to get and cost nothing
How do consumers affect what products businesses decide to make?
By voting in political elections
By filing formal complaints
By buying products with their money
By attending shareholder meetings
What is the main job of producers in the market?
Producers make sure there is no shortage of any goods
Producers create endless wants
Producers use limited resources to help meet people’s needs and wants
Producers do not care about what consumers want
What usually happens to products that people do not want to buy?
They become more expensive quickly
They turn into noneconomic wants
They disappear from the market
The government forces people to buy them
Which decision do companies make based on market research?
Setting school curriculum standards
Allocating public infrastructure funds
Deciding what products to make or stop making
Choosing new tax rates for cities
What is a likely result if an employee acts unethically at work?
They will get promoted automatically
Their legal situation will improve quickly
Their professional reputation could be harmed
Their team will trust them more over time
Which statement best defines integrity for professionals?
Prioritizing personal gain over fairness
Following rules only when supervised
Being honest in all situations consistently
Doing the right thing only when convenient
Which outcome directly undermines a company's culture when employees act unethically?
Simpler compliance procedures overall
Enhanced brand reputation globally
Stronger client relationships quickly
Loss of trust among team members
Exchanging value in marketing most directly refers to
The research stage before a product is launched
The transaction where goods and payment swap
The advertising campaign for a new service
The logistics of moving goods to retailers
Which option lists the four Ps of the marketing mix?
Planning, People, Process, Positioning
Product, Profit, PR, Placement
Purpose, Pricing, Packaging, Presence
Product, Price, Promotion, Place
Pricing strategies should aim to
Set a price customers view as valuable
Add features beyond customer preferences
Limit distribution to exclusive boutiques
Fund extensive celebrity endorsements
What best describes the societal marketing concept?
Satisfying customer needs while benefiting society long-term
Targeting high-profit customers exclusively
Reducing marketing to cut costs
Maximizing short-term profits only
According to the passage, what is ethics?
The basic principles that govern your behavior and guide what is right and wrong
The rules of law enforced by government agencies
Personal preferences that change with each new situation
Company policies designed to maximize profits
What does it mean to follow ethical principles?
Your ethical beliefs remain consistent in new situations and provide a set of rules to guide decisions
You always obey authority figures regardless of whether a choice is right or wrong
You avoid any decision that could have consequences
You change your values to match whatever group you are in
What is an ethical dilemma?
A situation involving right and wrong choices where the wrong choice could harm someone or something
Any choice between two equally enjoyable activities
A legal case tried in court to determine guilt or innocence
A disagreement about personal tastes with no right or wrong answer
Which set lists the consequences of unethical behavior described in the passage?
Lost trust, legal problems, a poor reputation, and setting a bad example
Higher grades, more friends, and lower fines
Faster decision-making, improved teamwork, and increased pay
Stronger leadership, better reputation, and reduced conflict
Who typically sells to ultimate consumers?
Retailers
Wholesalers
Producers of raw goods
Builders
Describe three types of producers.
Raw-goods producers, manufacturers, and builders
Retailers, wholesalers, and e-tailers
Service providers, consultants, and contractors
Importers, exporters, and brokers
What are trade industries?
Businesses that primarily provide intangible services
Retailers and wholesalers that sell goods to consumers or other businesses
Organizations focused on manufacturing raw materials into finished goods
Government agencies that regulate market prices
Describe the difference between retailers and wholesalers.
Retailers sell to ultimate consumers, while wholesalers sell to other businesses.
Retailers manufacture goods, while wholesalers provide services.
Retailers operate online only, while wholesalers operate in stores only.
Retailers set prices, while wholesalers determine taxes.
What are the inputs that enable businesses to operate?
Economic resources (factors of production)
Consumer preferences
Government regulations
Advertising campaigns
Why are economic resources important?
They lower taxes for businesses
They are used to produce goods and services, making production possible
They guarantee fair prices for consumers
They eliminate market competition
Economic resources are also known as ________.
factors of production
opportunity costs
market forces
externalities
What are natural resources?
Machines and tools used in production
Workers’ skills and knowledge
Raw materials from nature used to produce goods and services
Company brand names and trademarks
What is an example of a human resource?
A factory worker
A delivery truck
Iron ore
A patent
What are capital goods?
Manufactured tools and machinery used to produce other goods and services
Money spent on advertising
Unprocessed natural materials
Final consumer products
In the school or workplace context, which set correctly identifies natural resources, human resources, and capital goods commonly used?
Electricity and water; teachers and office staff; computers and buildings
Hashtags and trends; volunteers only; posters and stickers
Sunlight only; students only; cafeteria food only
Ocean waves; executives only; brand reputation
Determine whether this item is a good, a service, or an idea: A public health campaign promoting handwashing.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A loaf of bread from a bakery.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A music streaming subscription that lets you listen to songs.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A proposal to reduce plastic waste in school cafeterias.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A pair of running shoes bought online.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A tutoring session to help a student prepare for an exam.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: An artist’s original painting was sold at a gallery.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: Free downloadable lesson plans shared by a teacher.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A delivered pizza ordered by phone.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A patent describing a new method for cleaning water.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A new recipe was posted on a food blog.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A taxi ride from home to the airport.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A packaged bottle of shampoo.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A printed textbook for a history class.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A landscape company is mowing and trimming a school field.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A city plan proposing bike lanes on major roads.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A box of crayons was sold at the school store.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A smartphone app developer is fixing bugs and releasing an update.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A flyer with tips for starting a small business.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A bottle of cough syrup from the pharmacy.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A wedding photographer takes and edits photos.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A suggestion to improve classroom recycling procedures.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A delivered bouquet ordered online.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A subscription box that sends monthly snacks.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A college essay outlining a new curriculum model.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A mechanic repairing a car’s brakes.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A printed map of a national park.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A music teacher giving private piano lessons.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A software license for a video editing program.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A public service announcement encouraging voter registration.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A canned soup from a grocery store.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A personal trainer leading a fitness session.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A blueprint for a community garden.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A packaged set of earbuds.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A librarian recommending books and organizing a reading program.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A handout describing study strategies for finals.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A handcrafted wooden desk was sold at a craft fair.
Good
Service
Idea
Determine whether this item is a good, a service, or an idea: A cleaning crew is sanitizing classrooms after school.
Good
Service
Idea
