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BBI INTRO Business Concepts Flashcards | StudBud
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BBI INTRO Business Concepts
BBI INTRO Business Concepts
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BBI Basics Conepts Unit 1
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
Which of the following is a Fad?
Green Products
Reducing single use plastics
Fidget Spinners
E-commerce and streaming
2
Which of the following units in this course is Mr Murphy's Favorite?
International Business
Personal Finance
Basic Business Concepts
Entrepreneurship
3
What is the bottom level (Base) of Maslows Hierarchy?
Physiological Needs
Self Actualization
Safety Needs
Social Needs
4
Which of the following would be the most obvious need?
Gucci Sweaters
Food
Apple watch
Ice Cream
5
Which function of a business would deal most with advertising?
Marketing
Management
Finance
Production
6
Interpreting this supply/demand graph --- what is the ideal price for this product?
525
475
500
60
7
Someone that sees a need in the marketplace and takes a risk to start a business is called a...
Inventor
Businessman or Business -woman
Innovator
Entrepreneur
8
What quantity demanded from customers would be demanded if the price was $525 ?
25
60
90
Its impossible to tell
9
Which of the following is a Good?
Dog Walking
Pizza Delivery
Landscaping
Pizza
10
Interpreting this supply/demand graph --- what is the ideal quantity supplied for this product?
60
90
500
475
11
Which of the following is a Trend?
Ice bucket Challenge
Green Products
Fidget Spinners
Planking
12
If the price for an item goes up, the demand for that item will go up
False
True
13
Which function of a business would deal most with a factory or warehouse?
Finance
Management
Production
Marketing
14
What is the purest definition of a business?
A group of people who want to make tonnes of money
None of these define a business
An enterprise that offers B2B, B2C, C2C, C2B models
An enterprise that offers goods and services to customers
15
Which function of a business would deal most with planning?
Finance
Management
Marketing
Production
16
What is the best definition of a TREND?
A long-lived change in the way people behave
A short lived change in the way people behave
17
Which of the following is not one of the 4 Ps of Marketing?
Product
Purpose
Price
Promotion
18
Which of the following is not an internal function of a business?
Secretarial
Finance
Production
Marketing
19
Which of the following is not a factor of production?
Capital
Land
Labour
Ethics
20
Which of the following is the definition of a need?
Something that would be very desirable to have
Something required for Survival
