
IDC4U - Final Exam Key Terms

Quiz
•
Business
•
12th Grade
•
Hard
Tamara Dell'Erba
FREE Resource
64 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: the portion of the home used for business versus living space
Supply
Harvesting
Clustering
Space Percentage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: Land, labor, and capital; the three groups of resources that are used to make all goods and services
factors of production
liquidation
vision
diversification
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: the strategy of similar business locating near each other
Clustering
Advertising
Diversification
Space Percentage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a statement of the organization's purpose - what it wants to accomplish in the larger environment
Vision
Mission Statement
Socialism
Operations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
selling the right to use some process, trademark, patent, or other right for a fee or royalty
Licensing
Skim Pricing
Advertising
Advertising
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a selection method that uses cost-volume comparison
Location Break Even Analysis
Business Plan
Visual Control
Mission Statement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
material goods, natural resources, or information used to create other goods or information
productive resources
licensing
visual control
process layout
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