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Business Pre-Test
Business Pre-Test
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StudBud Administration
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Business Knowledge Basic (Pre-test)
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
What is a 'target market'?
The product you're selling
The company's competitors
A group of customers a business aims to sell to
he employees of the business
2
What does 'revenue' mean in business?
Total income from sales
The profit earned
Money spent on products
Total expenses
3
What is a 'brand'?
A company's product line
The profit a business makes
The public image or identity of a company
A store's location
4
What is 'profit' in a business?
The amount spent on marketing
Money earned after all expenses are paid
Money earned before expenses
Total sales revenue
5
Which of these is an example of a business expense?
Customer purchases
Business location
Total profit
Employee salaries
6
What does 'Demand and Supply' refer to?
The price of a product
The relationship between the number of sellers and buyers
The shipping process
How much of a product is available and how much people want it
7
What is a 'budget'?
Total income from sales
A financial plan for a business
Employee salaries
The price of a product
8
What is an entrepreneur?
A business accountant
A person who starts their own business
An investor
Someone who works for a large company
9
What is 'marketing'?
Promoting and selling products or services
Managing finances
Product development
Hiring employees
10
What is 'competition' in business?
A company's profits
Other businesses that sell similar products
Employee performance
A marketing campaign
