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- 1. Multiple Choice
what is business ?
It is a transaction
It is a profit
it is a organisation
it is a transaction of trade for profit making
- 2. Multiple Choice
A business that engages in finance, sales, or reselling is a __________ business
commercial
service
industrial
financial
- 3. Multiple Choice
a bank is an example of what type of business?
commercial
service
industrial
real estate
- 4. Multiple Choice
In a franchise relationship, the entity who is the person leasing the rights of his/her tools of business is referred to as the __________?
franchisor
franchisee
franchizor
lessee
- 5. Multiple Choice
What is a supplier?
A business which sells (or supplies) products to another business.
Any person or organisation which buys or is supplied with a product or by a business.
The person who ultimately uses (or consumes) a product.
The wants and desires of buyers of a product or the customers of a business.
- 6. Multiple Choice
What is a customer?
Those who provide data for a survey usually by answering questions in a questionnaire or interview.
A business which sells (or supplies) products to another business.
A group of similar products made by a business like a number of different soap products.
Any person or organisation which buys or is supplied with a product or by a business.
- 7. Multiple Choice
What is a focus group?
In market research, a group of people brought together to answer questions and discuss a product, brand or issue.
A list of questions to be answered by respondents, designed to gather information about consumers’ tastes.
The process of gathering secondary data, which is information that has already been gathered.
The idea/ impression/ image that customers have in their minds about the brand.
- 8. Multiple Choice
What is a product range?
Data that can be expressed as numbers and can be statistically analysed.
The idea/ impression/ image that customers have in their minds about the brand.
The chance of damage or loss occurring as a result of making a decision.
A group of similar products made by a business like a number of different soap products.
- 9. Multiple Choice
Reward of a professional--------
Money
Fees
Wages
Salary
- 10. Multiple Choice
No capital is required in which economic activity
Business
Profession
Employment
All of the above
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