Business Concepts Review

Business Concepts Review

10th Grade

20 Qs

quiz-placeholder

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Business Concepts Review

Business Concepts Review

Assessment

Quiz

Business

10th Grade

Easy

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the role of "Place", also known as "Distribution" in the marketing mix?

Deciding on the features and design of a product.

Choosing the most effective methods to deliver products to customers.

Setting a price that appeals to the target market.

Developing promotional strategies to increase awareness.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The role of supply chain management is to oversee the flow of goods and services and includes all processes that transform raw materials into final ______.

Products

Services

Ideas

Concepts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A key difference between S Corporations and C Corporations is:

S Corporations are taxed at the corporate level only.
S Corporations are pass-through entities for tax purposes, while C Corporations are taxed at both corporate and shareholder levels.
C Corporations are pass-through entities for tax purposes.
S Corporations can have unlimited shareholders while C Corporations cannot.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marketing involves:

Buying and selling

Advertising and promotion

Hiring and training

Producing and manufacturing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management functions include:

A) Planning, Organizing, Leading, Controlling

B) Selling, Advertising, Promoting, Branding

C) Designing, Developing, Testing, Launching

D) Buying, Selling, Trading, Investing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Mission Statement is ______.

A detailed financial report

A statement of the company's purpose and values

A list of products offered

A marketing strategy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of a business?

inventions

management

ethics

profit

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