Basic Business Trivia

What is inflation?

Business is becoming more management driven than customer driven.

Something that represents what a business stands for including their logo, slogan, specialty, etc.

Productivity is:

The movement of goods and services without political or economical interference is called:

The quantity of products that people are willing to buy at different prices at a specific time is called:

The symbol that represents a company's brand.

As of 2018, what country leads the world in manufacturing?

The activity of providing goods or services at a profit.

What is the definition of revenue?

In business, a stakeholder is defined as:

Right to own land, keep majority of profits, freedom of competition and choice are features of what economic system?

Study of how society chooses to use resources to produce goods and services and distribute them for consumption.

The quantity of products that manufacturers or owners are willing to sell at different prices at a specific time.

In order to obtain a competitive edge on the competition, companies should focus on:

Which of these are types of business ownership in the United States?

Branch of economics that studies the operation of a nation's economy as a whole.

Standard of living is defined as the amount of goods and services people can buy with the money they have.

Economic system in which most of the factors of production and distribution are privately owned & operated for profit.

The amount of money a business earns above and beyond what it spends for salaries and other expenses.

Who is considered to be the father of economics?

A person who risks both time and money to start and manage a business.

Which of these are the 4 P's of the marketing plan?

Which items are the factors of production?

What does GDP stand for?