Business Types and Functions Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following factors of production is a non-renewable resource?

  • Labour
  • Capital
  • Natural resources (correct)
  • Raw materials
  • In the context of marketing, which term refers to a distinctive name or symbol used to identify products and differentiate them from competitors?

  • Product
  • Brand Name (correct)
  • Price
  • Slogan
  • Which stage of production involves the transformation of raw materials into finished products?

  • Grading
  • Quality control
  • Purchasing
  • Processing (correct)
  • What term is used to describe a small segment of the market that has specific needs and preferences?

    <p>Market Niche</p> Signup and view all the answers

    Which element of the 4 Ps of marketing focuses on activities to make the product available to the target customers?

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

    More Like This

    Use Quizgecko on...
    Browser
    Browser