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BEM1O - Intro to Business Flashcards | StudBud
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BEM1O - Intro to Business
BEM1O - Intro to Business
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1
Who are considered "consumers" in business terms?
People who use goods and services
People who sell goods and services.
People who invest in businesses.
People who buy goods and services.
2
Identify this slogan "The happiest place in earth"
Disneyland
Universal Studios
Las Vegas
Canada's Wonderland
3
How is profit calculated in a business?
Expenses - Revenue
Revenue + Expenses
Revenue - Expenses
Revenue x Expenses
4
A product that is extremely popular for a short period of time is called a(n):
Fad
Trend
Fast Fashion
Niche
5
Identify this logo.
Toronto Zoo
Panda Inn & Suites
World Wildlife Federation
Panda Express
6
Information, both positive and negative, that appears in the media but is not paid for by the business is called:
Advertising
Media Data
Rumours
Publicity
7
What is Entrepreneurship?
The study of economic theories.
The act of starting and running a business.
The practice of investing in the stock market.
The process of buying existing businesses.
8
What is the primary goal of most businesses?
To make free services.
To reduce consumer choice.
To make a profit.
To employ as many people as possible.
9
In the context of business, what does "supply" refer to?
The quality of a product.
The desire for a product.
The amount of a product available for sale.
The price of a product.
10
When demand is high and supply is low, the price will:
Go up.
Go down.
Stay the same.
Fluctuate randomly.
11
Name this brand character.
Parry Parrot
Toucan Sam
Marty McFly
Froot Loops
12
Which of the following is a key characteristics of entrepreneurs?
They only work in large corporations.
They avoid all risks.
They identify opportunities and take risks.
They always inherit their businesses.
13
This mascot says "They're Grrreat!" What is his name?
Frosted Flakes
Papa Tom
Tony the Tiger
Tim the Tabby Cat
14
Which of the following is an example of a service?
A book
A haircut.
A computer
A smartphone.
15
What is the difference between goods and services?
There is no difference between goods and services.
Goods are tangible items, services are intangible activities.
Goods are more expensive than services.
Services are always digital, goods are physical.
16
Which of the following is considered a "need" rather than a "want"?
Smartphone
Water
Video Games
Designer Shoes
17
Identify this logo.
Via Rail
Southwest Airlines
Air Canada
WestJet
18
What year was the first iPhone launched?
2007
2001
2010
1998
19
Which was the first toy advertised on TV?
Mr. Potato Head
Barbie
Playdoh
Slinky
20
What paper towel uses the slogan "The quicker, picker upper"?
Viva
Brawny
Royale
Bounty
