5 Questions
Which of the following factors of production is a non-renewable resource?
Natural resources
In the context of marketing, which term refers to a distinctive name or symbol used to identify products and differentiate them from competitors?
Brand Name
Which stage of production involves the transformation of raw materials into finished products?
Processing
What term is used to describe a small segment of the market that has specific needs and preferences?
Market Niche
Which element of the 4 Ps of marketing focuses on activities to make the product available to the target customers?
Place
Test your knowledge of business types, functions, factors of production, marketing concepts, and economic principles with this multiple-choice quiz. Topics include corporation liability, human resources, market niche, supply and demand, GDP, inflation, and the 4 Ps and 2 Cs of marketing.
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