Business Concepts Quiz
Authored by Alaric Cook
Computers
7th - 8th Grade
Used 2+ times
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84 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of adapting products?
It could be too similar to the previous product
It requires a lot of research and development
It can be expensive to implement
It may not meet the needs of the target market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of creating a new idea?
It will create a unique selling point
It is always profitable
It is easy to implement
It requires minimal investment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a risk of starting a new business?
Lack of job security
High profits
Low competition
Limited liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a risk of starting a new business?
Business failure
High customer satisfaction
Strong brand recognition
Successful product launch
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of lack of job security?
There is no-one to cover if you are ill
You have a guaranteed job for life
Your job is always challenging
You have a high salary
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a reward of starting a new business?
Profit
Long hours
High stress levels
Limited control
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a reward of starting a new business?
Independence
Low risk
Guaranteed success
Limited responsibility
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