Business English Quiz: Introduction and Definitions
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Questions and Answers

What is the main goal of a business according to the provided text?

  • To produce goods and services for societal benefit
  • To engage in commercial or industrial activities to make a profit (correct)
  • To contribute to economic development
  • To create employment opportunities
  • Which functional area of business is responsible for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services?

  • Production
  • Human Resources
  • Research & Development
  • Marketing (correct)
  • What does 'R&D' stand for in the functional areas of business?

  • Regulation and Compliance
  • Records and Documentation
  • Revenues and Distribution
  • Research & Development (correct)
  • What is the primary focus of the Finance functional area of business?

    <p>Budgeting and Financial Planning</p> Signup and view all the answers

    Which entity engages in commercial or industrial activities to produce goods and services in order to make a profit?

    <p>Businesses or companies</p> Signup and view all the answers

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