What are wants?

Business in Today’s World Quiz

Quiz
•
Business
•
11th Grade
•
Medium
Walaa Al-Bayaa
Used 1+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things we must have to survive
Things we wish we could have
Items that are necessary for daily life
Tasks done for you by people or machines
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most basic need?
Clothing
Food
Shelter
Transportation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost?
The time taken to make a decision
What you give up when making a choice
The satisfaction gained from a choice
The money spent on a choice
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do businesses aim to do?
Satisfy all consumer wants
Profit from goods and services
Limit their production
Provide services for free
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is marketing research used for?
To identify potential customers
To reduce the number of goods produced
To eliminate competition
To increase production costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a resource?
A type of good
Anything used to make or obtain what is needed
A service provided to consumers
A type of marketing strategy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do consumers play in business?
They set prices for goods
They manage businesses
They evaluate costs and values of products
They create products
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