10 Questions
Which of the following best describes a business?
An activity that seeks to provide goods and services to others while operating at a profit.
What are goods in the context of business?
Tangible products such as computers, food, clothing, cars, and appliances.
What are services in the context of business?
Intangible products such as education, health care, insurance, recreation, and travel and tourism.
How can businesses reach consumers?
Using whatever media they prefer, including blogs, tweets, Facebook, TV advertising, and more.
What is one result of successfully filling a market need?
You can make money for yourself, sometimes a great deal, by giving customers what they want.
Success in business is based on constantly adapting to the ______
market
A business is any activity that seeks to provide goods and services to others while operating at a ______
profit
To earn that profit, you provide desired goods, jobs, and services to people in the ______
area
Goods are tangible products such as computers, food, clothing, cars, and ______
appliances
Services are intangible products (products that can't be held in your hand) such as education, health care, insurance, recreation, and travel and ______
tourism
Test your knowledge on business fundamentals and the importance of adapting to the market with this quiz! Explore the concept of a business and its objective of providing goods and services to others while operating at a profit. Challenge yourself to understand how businesses contribute to the economy by offering desired goods, jobs, and services to the community.
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