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Business Basics Quiz Flashcards | StudBud

Explore/Business Basics Quiz

True or false: 'Market research' helps understand customers.

True or false: 'Revenue' is money spent.

Business Basics Quiz

14 terms·StudBud Administration·35 plays

Test your knowledge on fundamental concepts in business such as profit, budget, marketing, and more.

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Questions 14

Answers

1
True or false: 'Revenue' is money spent.
True
False
2
True or false: 'Market research' helps understand customers.
False
True
3
What is 'competition' in business?
Product quality
Rival companies
Customer loyalty
Sales increase
4
Which is a synonym for 'employee'?
Worker
Boss
Supplier
Client
5
What is 'customer service'?
Sales process
Marketing strategy
Product delivery
Support for customers
6
What does 'brand' refer to?
Sales strategy
Employee role
Company identity
Product price
7
What is 'cash flow'?
Total sales
Product costs
Employee wages
Money in and out
8
What does 'negotiation' mean?
Discussing terms
Making a sale
Firing an employee
Hiring a worker
9
What is a 'contract'?
A legal agreement
A job offer
A product warranty
A marketing plan
10
True or false: A 'CEO' is the highest manager.
False
True
11
What is 'marketing'?
Buying products
Making products
Selling products
Promoting products
12
What is a 'budget'?
A business meeting
A spending plan
A marketing strategy
A type of loan
13
What does 'profit' mean?
Money borrowed
Money spent
Money earned
Money lost
14
What does 'invoice' refer to?
A bill for services
A product description
A job application
A meeting agenda