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