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Questions and Answers
Which of the following is NOT a factor of production in business studies?
Which of the following is NOT a factor of production in business studies?
- Labor
- Entrepreneurship (correct)
- Capital
- Land
Which of the following is NOT a benefit of market segmentation?
Which of the following is NOT a benefit of market segmentation?
- Increased customer loyalty
- Higher sales potential
- Better targeting of customers
- Reduced competition (correct)
Which of the following is NOT a characteristic of a sole proprietorship?
Which of the following is NOT a characteristic of a sole proprietorship?
- Unlimited liability
- Profit retention
- Single ownership
- Separate legal entity (correct)
Which of the following is a key focus area in the study of business ethics?
Which of the following is a key focus area in the study of business ethics?
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Which of the following is an example of an emerging mode of business?
Which of the following is an example of an emerging mode of business?
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What is the significance of social responsibility in business?
What is the significance of social responsibility in business?
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