26 Questions
Which of the following best defines a business model?
The outline of how a business intends to generate revenue
What is the term used to describe the money a company brings in through the sale of goods and services?
Revenue
Which type of organization does not have profit purposes?
Non-profit organization
Which of the following is an example of a potential negative impact of a business?
Generating pollution and creating waste
Which environment is shaped by laws and regulations at various levels?
Legal environment
Which department is responsible for research and development in most companies?
R&D (Research and development)
Which of the following best defines a business model?
The stated outline of how the business intends to generate revenue
What is the term used to describe the money a company brings in through the sale of goods and services?
Revenue
Which of the following is an example of a potential negative impact of a business?
Engaging in unethical behavior
Which department is responsible for research and development in most companies?
Research and Development
Which environment is shaped by laws and regulations at various levels?
External environment
Which type of organization does not have profit purposes?
Non-profit organization
What is the term used to describe the amount of money left after expenses?
Profit
Which of the following best describes a competitive advantage?
Making products more appealing to target customers
Which type of businesses creates value by making things?
Goods producing businesses
Which type of businesses creates value by performing activities that deliver some benefit to the customer?
Service businesses
Which of the following is NOT a potential negative impact of a business?
Contributing to national growth, stability and security
Which environment is influenced by trends and forces of society at large?
Social environment
Which department is responsible for manufacturing, production, and operations in most companies?
Marketing, sales, distribution, and customer support
Which environment is influenced by the cost and availability of goods, services, and labor?
Economic environment
Which environment is shaped by laws and regulations at various levels?
Legal environment
Which department is responsible for research and development in most companies?
R&D (Research and development)
Which of the following is NOT an area of a company?
Business services
Which of the following is influenced by the practical application of science to innovations and products?
Technological environment
Which of the following describes any resource or capability a company must have before it can start competing in the market?
Barrier of entry
Which of the following is NOT a way in which a business can contribute to society?
Generating pollution and creating waste
Test your knowledge of business and revenue generation with this quiz! Learn about the fundamental concepts of a business and how it generates revenue through the sale of goods and services. Challenge yourself and see how well you understand the decision-making process involved in creating revenue.
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