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Business Studies Quiz
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Business Studies Quiz

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Questions and Answers

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?

  • 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?

  • 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?

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

    Which of the following is an example of an emerging mode of business?

    <p>Online marketplace</p> Signup and view all the answers

    What is the significance of social responsibility in business?

    <p>It enhances brand reputation</p> Signup and view all the answers

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