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Business Definition Quiz Flashcards | StudBud
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Business Definition Quiz
What is Innovation
What is Production
Business Definition Quiz
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1
What is Production
The creation of marketing content and advertisements.
The development of new business ideas and concepts.
The process of creating goods or services.
Designing and launching new products to the market.
2
What is Innovation
the upgrade of business technology systems
implementing new management techniques
The improvement of existing business processes
The process of translating an idea
3
What is Marketing
The planning of sales strategies for a business.
promoting and selling products or services
Promoting and selling individuals
The process of analyzing financial market trends.
4
What is an Investment
Spending on marketing and advertising campaigns.
The action or process of investing money for profit
Allocating funds for employee training programs.
The purchase of new technology for business operations.
5
What are Negotiations
Strategic discussion the resolves an issue
Setting the prices for product with suppliers
Discussing terms with a partner
Arranging the terms of a business Plan
6
What are Operations
Overseeing the Day to day activities
Human resources policies
overseeing the company's financials
Do and Managing the daily activities
7
What is Branding
The design of a company’s website and digital presence.
Developing a specific style of customer service
Creating a unique corporate culture within a business
The process of creating a unique name and image for a product
8
Market Analysis
The assessment of sales performance
The Study of Market conditions
Setting product prices based on costs
Evaluating the effectiveness of advertising campaign
9
What are Logistics
Managing the flow of information within a company
The detailed organisation of complex operations
coordinating the schedule of business meetings
Planning the layout of a business office
10
Entrepreneurship
Management of a companies exports
Analysing the competition and market trends
The activity of setting up a business
The Study of how companies are structured
11
what is Economics
The study of company financial statements and balance sheets.
The analysis of market demand and supply curves.
The research into consumer spending habits.
The production, consumption, and transfer of wealth.
12
What is an Entrepreneur
A consultant who advises businesses on financial management.
An investor who funds startup companies.
An individual who runs a business taking on financial risks
An individual who oversees multiple business units within a corporation
13
What is a Strategy
Setting long term annual Tasks
Planning For Short Term business goals
A plan of action to achieve a goal long term
Developing a new business model
14
What is Globalization
The sourcing of materials from international suppliers.
The adaptation of products for different cultural markets.
The expansion of a business into new regional markets.
The process by which businesses develop international influence
15
Corporate social responsibility
Managing company's financial reporting
The practice of monitoring and managing efficiency
Developing social and benefits for stakeholders
The process of ensuring product quality
16
What is Management
The coordination of a business's marketing activities.
The supervision of a company's financial operations.
The administration of an organization
Leading a team of sales professionals.
17
What is Finance
The act of budgeting for marketing activities.
Managing a company’s investments in stocks and bonds.
The process of setting prices for products and services.
The management of large amounts of money
18
What are Ethics
The guidelines for fair competition among businesses.
The standards governing financial reporting.
Moral principles that govern a person's behavior
The rules for corporate social responsibility.
19
Human Resources
The Department that manages administration and training
The division that handles company mergers and acquistions
The team in charge development employees
The Department responsible for managing finances
