BEP2O Functions of a Business Review (2025)

Raw materials that do not become part of a new product are classified as:

Productivity refers to ______________________

Extraction (if applicable) would occur during which stage of the production process?

"Product" includes:

Minimum wages and hours of work are rights of an:

Paid training during the first few days on the job is known as which type of training?

Effective marketing should decrease brand equity.

Final compensation paid to a laid-off or terminated employee is known as:

Which of the following is NOT one of the 4 Ps of marketing?

Making specific people or groups feel uncomfortable because of race, religion, or gender is:

______ is the study of obvious characteristics that categorize human beings.

The competitive market is the sum of all the sellers of a specific product.

Demographics does NOT include:

A _______ is a word (or group of words) that distinguishes a business from competitors.

This includes skills such as positive attitudes/behaviours and responsibility.

Refining is used by _______________.

Which of the following is NOT a step in the production process?

Which of the following is not a way for a company to increase productivity?

Businesses can invest in capital and new technology to help improve productivity.

When a new procedure/system is introduced in a business, employees require?

When the buyer is connected directly to the business providing the product, this is:

Converting one thing into another is known as:

Promotion for a new product should focus on:

Which of the following would be ingredients necessary to make chocolate chip cookies?

An autocratic leader:

The two Cs of marketing are:

Employee turnover is defined as:

Which stage of the production process is not applicable to most products?

Investment refers to a company’s finished and unfinished products that have yet to be sold.

An employee health and safety right includes the right to:

What type of labour positions require training from an educational institution or experience?

The action of removing impurities or unwanted elements during the production process.

Which of the following is not a natural resource?

"Place" is also known as:

The rate at which employees voluntary leave a company is known as:

Before a business can produce a product, it must first purchase raw materials.

Marketing does NOT include:

This is where employers and employees meet.

Grading refers to converting raw materials into finished or semi-finished products.

An example of goods that are often graded is ___________________.

A mixer used to make batter for cupcakes would be consider a supply not an ingredient.

The raw materials that are used in the production process and become part of a final product are called:

Training that helps workers upgrade their skills is referred to as:

Competition between products and services that are not directly related to one another is:

The direct connection between buyers and sellers is called:

Some pricing strategies can include:

Ensuring that a product that a company makes meets certain standards is known as:

What does JIT stand for?

Money invested in a business is called:

Which of the following is not a responsibility of human resources management?

Which of the following is NOT a stage of the product life cycle?

The Product Life Cycle is best described by:

Grading is:

Most small businesses have their own purchasing department.

Which of the following does NOT improve productivity?

Channels of distribution include:

Which of the following is a right of an employee?

Setting employment terms and conditions is the right of an:

What is the first stage of production?

Hiring, promoting and assigning the most qualified person for a position is a right of an:

The factor of production that organizes the other factors is known as?

The percentage of the market that a company or brand has is called its:

A __________ is a short and catchy phrase that is usually attached to a company’s name and logo.

Highly trained people in specific occupations are classified as this type of labour.

An example of a non-traditional product life-cycle includes:

A new employee is introduced to the business’s policies through:

Jobs that require no/little training or no/little education background is a(n) ____ job.

First consumers who buy a product are known as:

Which of the following are important things to consider when hiring a new employee?

Which of the following is NOT a factor of production?

After the performance appraisal, this allows an employer & employee to come up with a plan to address job difficulties.

________ is based on a percentage of total sales.

Capital as a factor of production refers to:

Each market can also be divided into:

Which of the following is NOT a function of management?

Labour required for a job that almost anyone could do because it requires little training is:

Publicity is _____________ by the company.

Labour required for a job that needs some instruction is known as:

Which department coordinates all activities relating to employees?

Employees that are paid a fixed amount earn (a):

Which of the following is NOT a leadership style?

________ is the processing step used to convert a raw material into a semi-finished good.

Making predictions about the jobs that will be popular in the future is referred to as:

A Laissez-Faire leadership style is:

Advertising's final aim is to:

An example of a quality control company is _______________

Denying a qualified individual a job because of religion, gender or physical disability is:

This includes skills such as communicating, thinking and learning.

Purchasing decisions are made in which stage of the production process?

_________ is the process when a product is tested to ensure that it meets certain standards.