the nature of business
Quiz
•
Professional Development
•
Professional Development
•
Easy
BELINDA VIRGINIA LAMADRID BOURS
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Competition can be a strong motivator for business success
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
In a capitalist society, competition doesn't lead businesses to innovate and take risks
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
The difference between what it costs to make and sell a product and what a customer pays for it.
Cost
Profit
Information
4.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
What does "within legal limits"
Abading by law
To make profit
To develop produccts and services
5.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Organizations that don´t have the fundamental purpose of earning profits, although they may provide goods or services
Non profits
Corporations
Franchises
MNC´s
6.
FILL IN THE BLANK QUESTION
30 sec • 5 pts
A business also needs ___________________expertise to learn what products consumers need and want and to develop, manufacture, price, promote, and distribute those products.
7.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
To earn a profit, a person or organization needs management___________________ to plan, organize, and control the activities of the business
skills
Information
documents
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