Economic Foundations of Marketing

Economic Foundations of Marketing

9th - 12th Grade

18 Qs

quiz-placeholder

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Economic Foundations of Marketing

Economic Foundations of Marketing

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Michael Chasteen

Used 625+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are resources in their natural state such as oil, natural gas, coal, trees.

land/natural

labor/human

capital

entrepreneurship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These resources such as money, tools, and equipment needed for production of products or services.

land/natural

labor/human

capital

entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These resources are employees of the business.

land/natural

labor/human

capital

entrepreneurship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the individual who takes the risk with time and money of owning and operating the business.

land/natural

land/human

capital

entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic utility is the amount of _________________ a consumer receives from the consumption of a particular product or service.

value

profit or commission

interest or dividends

wealth or prosperity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Packaging milk into smaller containers to meet the demand of people who live alone is an example of

form utility

possession utility

time utility

place utility

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit cards and installment plans increase _____________ by making products more attainable for some customers.

Information utility

possession utility

form utility

place utility

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