Business Revenue Generation Quiz
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Questions and Answers

Which of the following best defines a business model?

  • The system for satisfying customers by transforming inputs into outputs
  • The outline of how a business intends to generate revenue (correct)
  • The amount of money left after expenses
  • The money a company brings in through the sale of goods and services
  • What is the term used to describe the money a company brings in through the sale of goods and services?

  • Profit
  • Competitive advantage
  • Revenue (correct)
  • Moral hazard
  • Which type of organization does not have profit purposes?

  • Goods producing businesses
  • Service businesses
  • Non-profit organization (correct)
  • For-profit companies
  • Which of the following is an example of a potential negative impact of a business?

    <p>Generating pollution and creating waste</p> Signup and view all the answers

    Which environment is shaped by laws and regulations at various levels?

    <p>Legal environment</p> Signup and view all the answers

    Which department is responsible for research and development in most companies?

    <p>R&amp;D (Research and development)</p> Signup and view all the answers

    Which of the following best defines a business model?

    <p>The stated outline of how the business intends to generate revenue</p> Signup and view all the answers

    What is the term used to describe the money a company brings in through the sale of goods and services?

    <p>Revenue</p> Signup and view all the answers

    Which of the following is an example of a potential negative impact of a business?

    <p>Engaging in unethical behavior</p> Signup and view all the answers

    Which department is responsible for research and development in most companies?

    <p>Research and Development</p> Signup and view all the answers

    Which environment is shaped by laws and regulations at various levels?

    <p>External environment</p> Signup and view all the answers

    Which type of organization does not have profit purposes?

    <p>Non-profit organization</p> Signup and view all the answers

    What is the term used to describe the amount of money left after expenses?

    <p>Profit</p> Signup and view all the answers

    Which of the following best describes a competitive advantage?

    <p>Making products more appealing to target customers</p> Signup and view all the answers

    Which type of businesses creates value by making things?

    <p>Goods producing businesses</p> Signup and view all the answers

    Which type of businesses creates value by performing activities that deliver some benefit to the customer?

    <p>Service businesses</p> Signup and view all the answers

    Which of the following is NOT a potential negative impact of a business?

    <p>Contributing to national growth, stability and security</p> Signup and view all the answers

    Which environment is influenced by trends and forces of society at large?

    <p>Social environment</p> Signup and view all the answers

    Which department is responsible for manufacturing, production, and operations in most companies?

    <p>Marketing, sales, distribution, and customer support</p> Signup and view all the answers

    Which environment is influenced by the cost and availability of goods, services, and labor?

    <p>Economic environment</p> Signup and view all the answers

    Which environment is shaped by laws and regulations at various levels?

    <p>Legal environment</p> Signup and view all the answers

    Which department is responsible for research and development in most companies?

    <p>R&amp;D (Research and development)</p> Signup and view all the answers

    Which of the following is NOT an area of a company?

    <p>Business services</p> Signup and view all the answers

    Which of the following is influenced by the practical application of science to innovations and products?

    <p>Technological environment</p> Signup and view all the answers

    Which of the following describes any resource or capability a company must have before it can start competing in the market?

    <p>Barrier of entry</p> Signup and view all the answers

    Which of the following is NOT a way in which a business can contribute to society?

    <p>Generating pollution and creating waste</p> Signup and view all the answers

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