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Basics of Business_Intro Flashcards | StudBud

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Basics of Business_Intro

10 terms·StudBud Administration·221 plays

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Questions 10

Answers

1
The correct term for your business' rival is...
Competitor
Enemy
Friend
Opponent
2
Which of the following is NOT a business expense?
rent
utilities
salaries
receipts
3
What is the definition of a business?
An institution designed to educate children
Hard work
An organised effort to bring about change
An organisation that sells for a profit to meet demand
4
The triple bottom line refers to a business'....
number of employees they sack each month
profit generated each quarter
economic, environmental and social performance
the number of pairs of pants the owner buys for the year
5
Entrepreneurship is not important for an economy.
True
False
6
A business that buys products and sells to the consumer
wholesaler
producer
retailer
consumer
7
What is a business' source of income?
investment income
sales
all of the above
receipts
8
What is the definition of a business?
Any org that just makes profits
An org that sells things
Any org that satisfy a customers' needs/wants
An org that provides a service
9
The finance required to start your business is called...
Loan
Debt
Borrowing
Capital
10
Which of these is NOT a way a business advertises?
Giving away free samples
Social Media
TV
Newspaper