1.1 Introduction to Business Management

Bottling machines are usually considered as...

• Capital goods

• Services

• Equipments

• Consumer goods

An individual who uses a product is known as the...

Roasted coffee beans can be considered as... (Mark with a thick the correct/s answer/s).

• Consumer goods

• Capital goods

• Services

Fried chicken can be considered as...

• A service

• Capital goods

• Consumer goods

• Producer goods

This Business function will apply research, then launch and promote the products.

Which of the following Business Functions will organize production in a factory?

• Human Resources

• Finance

• Marketing

• Operations

Which of the following Business functions will recruit new workers?

• Operations

• Human Resources

• Marketing

• Finance

Land, Labor, Capital and Entrepreneurship are know as...

Salaries or wages are the income received from which Factor of production?

The process of starting up a business includes:

• Looking for business partners, sourcing capital, determining a location, establishing a customer base.

• Identifying the best products, financing, hiring personnel, selling the products

• Looking for market opportunities, sourcing capital, determining a location, establishing a customer base.

• Looking for business partners, saving capital, determining a location, establishing a customer base.