What is a business?

Introduction to Business Concepts

Quiz
•
Others
•
5th Grade
•
Hard
Christopher Sawyers
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business is a type of animal.
A business is a social club for networking.
A business is an organization that provides goods or services to generate profit.
A business is a government entity that regulates trade.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name one type of business ownership.
Partnership
Sole proprietorship
Franchise
Corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of a business?
To expand market share.
To generate profit.
To enhance employee satisfaction.
To provide excellent customer service.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term 'profit'.
Profit is the amount spent on production.
Profit is the same as gross income.
Profit is the financial gain after subtracting costs from revenue.
Profit is the total revenue before any expenses.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a product?
A type of marketing strategy.
An item or service created for sale.
A financial investment opportunity.
A method of product delivery.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service?
A service is a financial transaction between two parties.
A service is a physical product sold to customers.
A service is a type of software application.
A service is an intangible product that provides value to customers.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'market' mean in business?
A market is a government regulation on prices.
A market refers to a physical location for selling goods.
A market is a type of financial investment.
A market is a system or arena in which commercial dealings are conducted.
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