Resources people can use to make or obtain what they want

a business that provides similar products and/or services

providing a good o service for profit

sole owner & operator of his/her business

money left over after a business had paid all expenses

gathering & analyzing info. regarding consumer preferences

a person who purchases goods & services

A business service is

A task that a business performs for consumers

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Chapter 1: Introduction to Business

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This Quiz game provides an overview of Chapter 1: Introduction to Business (Glencoe tex)

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Questions 15

Answers

1
Resources are
All of the above
tasks that businesses perform for consumers
Physical products
Resources people can use to make or obtain what they want
2
A competitor is....
All of the above
a business located next doo to you
a business that provides similar products and/or services
an athlete
3
Business is
any commercial building
All of the above
providing a good o service for profit
a retail store
4
All of the following are examples of how we identify entrepreneurship opportunities EXCEPT
All are good examples
Improve an existing product
Meet a Consumer Need
Identify Interests & Hobbies
5
A want is
Something you strongly desire
A necessity in life
A game system
6
An entrepreneur
the CEO of a major corporation
All of the above
sole owner & operator of his/her business
a partner in a business
7
Profit is
money in the bank
money left over after a business had paid all expenses
the cost of goods and services
All of the above
8
Market research is
gathering & analyzing info. regarding consumer preferences
All of the above
no longer necessary
advertising
9
A consumer is
All of the above
a person who purchases goods & services
a person who gathers data
a person who sell products & services
10
A business service is
A task that a business performs for consumers
Items that people use to obtain what they need
All of the above
A physical product
11
A good is
Items that people can use to make or obtain what they want
A physical product
A task that businesses perform for consumers
All of the above
12
A need is
A fun game
A necessity in life
A gift
Something you can live without
13
What is the first step in the decision making process?
Determine the pros and cons
Identify possible courses of action
Make a decision
Identify the situation
14
Why do business provide goods & services & compete with each other?
it presents a challenge
just because
All of the above
to make a profit
15
Which of the following is NOT a business function?
Managing
Operations
Consumer
Accounting

Chapter 1: Introduction to Business Flashcards | StudBud