Function of business

What is the main aim of any business?

• To complete marketing activities

• To attract customers

• To make a profit

• To provide goods and services

Which of the following is NOT a main function of a business?

• Production

• Marketing

• Management

• Human Resources

What does the production function of a business involve?

• Selling goods and services

• Attracting customers

• Changing raw materials into finished products

• Completing marketing activities

What is the main goal of marketing?

• To manage the business

• To produce goods and services

• To make a profit

• To promote sales to consumers

Which of the following is an example of a marketing technique?

• Hiring employees

• Purchasing raw materials

• Word of mouth

• Setting goals

Who takes on the role of manager in a business?

• Investors

• Suppliers

• Customers

• Entrepreneur

What is the responsibility of finance in a business?

• Attracting customers

• Determining capital needed

• Promoting sales

• Setting goals

What does the entrepreneur decide in terms of financing?

• Promoting sales

• Determining cost price

• Where to get capital

• How much to produce

What is the first responsibility of finance in a business?

• Determining capital needed

• Deciding cost price

• Borrowing from the bank

• Withdrawing money from savings

What is the main reason a business exists?

• To make a profit

• To provide goods and services

• To complete marketing activities

• To attract customers