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Business Concepts Flashcards | StudBud
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Business Concepts
Business Concepts
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StudBud Administration
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10 plays
Test your knowledge on fundamental concepts and eras in the world of business
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Production Era focused on...
Viral TikTok trends
Best mascot
Customized products
Mass production
2
Entrepreneurship Era was known for...
Overpriced avocado toast
Influencers quitting jobs
Inventing side hustle
Growing industries
3
Industrial Revolution changed business by...
No competition
Moving productino from small workshops to large factories
Training squirrels
Inventing social media
4
Which is NOT a factor of production?
Magic wand
Human resources
Capital
Entrepreneurship
5
Profit is like...
Annual loss
Leftover money
Break even
Unpaid taxes
6
Who or what changed business during the Industrial Revolution?
Trained squirrels
Social media inventors
No competition
Large factories
7
Complete the sentence: Value in business is...
Customer love
Price-benefit relation
Money in cushions
Good sale
8
Who benefits from the Marketing Era?
Mascots
Customers
Influencers
CEOs
9
The Entrepreneurship Era was know for...
Side hustles
Business tycoons growing industries
Influencers
Avocado toast
10
What was the focus of the Production Era?
Best mascot
Mass production
Viral trends
Customized products
11
True or false: Profit is a fancy word for 'break even'
True
False
12
Which era introduced customer-focused marketing?
Production Era
Industrial Revolution
Entrepreneurship Era
Marketing Era
13
What does 'value' mean in business?
Money in cushions
Company's love
Good sale
Price and benefits
14
What is NOT a factor of production?
Magic wand
Capital
Entrepreneurship
Human resources
15
A business experiences a loss when...
Mascot runs away
CEO loses mug
Product loved too much
Expenses exceed revenue
16
The Industrial Revolution changed business by...
To eliminate competition
To social media
To squirrels
Moving production from small workshops to large factories
17
Marketing Era introduced the idea that...
Finding out what the people want
Shout loud
Random selling
Fund CEO vacations
