These are resources in their natural state such as oil, natural gas, coal, trees.
Economic Foundations of Marketing

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium
Michael Chasteen
Used 625+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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