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Introduction to Business Management Flashcards | StudBud
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Introduction to Business Management
Introduction to Business Management
10 terms
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StudBud Administration
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956 plays
Testing and building your knowledge of key business management terms and definitions.
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
An example of a local business operating in a
local market
is...
Nike
Fishtales Restaurant
KFC
Apple
2
Which of these businesses is a
franchise
operation?
Boost Juice
All of these are franchise businesses
Noodle Box
Dominos
3
What is
entrepreneurship
?
The CEO of a company
To develop, manage & organise a business idea despite risks
The spaceship off Star Trek
The meal course before main
4
A
business
is...
A shop
An organization where goods & services are exchanged for $.
A messy bus
Just mind your own
5
What is
innovation
?
Old ideas
Creativity, change and new ideas
Giving up
Doings things the way we've always done them
6
An example of a
for-profit business
is...
McDonalds
Sports Power
The AFL
All of these are for-profit businesses
7
What is Australia's largest
export
market?
Iron Ores
Wheat
Beef
Clothing
8
An example of a
not-for-profit
business is...
Turland's Plumbing
Sportsgirl
Lifeline
Subway
9
An example of a local business operating in a
global market
is...
All of these answers are correct
Midfield Meat
Jean Jail
Warrnambool Cheese and Butter
10
Which country is the biggest
importer
of goods to Australia?
Great Britain
Japan
The USA
China
