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The Dynamics of Business and Economics Flashcards | StudBud
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The Dynamics of Business and Economics
The Dynamics of Business and Economics
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The #1st #quiz in the #Business and #Enterprise subject for #1st #year #student
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which of the following is
not
a product?
A business profit
A Dell personal computer
A veterinarian's treatment of a pet's injuries
A lawyer's advice in a divorce case
2
The goal of business is to earn
respect.
independence.
resources.
profits.
3
Profit is the reward for business in exchange for the ____ taken in providing products.
expenses
risks
time
energy
4
The group of people to whom the management activity most applies is
government regulators.
owners.
consumers.
employees.
5
The function concerned with obtaining and managing money and using it effectively is called
management.
personnel.
production and operations.
finance.
6
____ have both tangible and intangible characteristics
Products
Businesses
Services
Organizations
7
Advertising, personal selling, coupons, and sweepstakes are forms of _____.
marketing research
promotion
the marketing mix
management activities
8
Businesses differ from nonprofit organizations in that a business's focus is on
profit.
goods.
price.
plans.
9
When purchasing, a consumer is actually buying a product's anticipated benefits
satisfaction
productivity
price
costs
10
____ is the primary goal of business.
Marketing
Growth
Profit
IPO
