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- 1. Multiple Choice
A business exists to provide products or services to consumers and to earn a profit.
True
False
- 2. Multiple Choice
Production does not involve taking goods from its raw material stage and changing them into a finished product.
True
False
- 3. Multiple Choice
The goal of marketing is to attract customers.
True
False
- 4. Multiple Choice
Word of Mouth is a form of marketing technique.
True
False
- 5. Multiple Choice
It is not necessary for all businesses to spend a great deal of time developing, implementing and evaluating plans and activities.
True
False
- 6. Multiple Choice
You cannot use Facebook or WhatsApp as a marketing technique.
True
False
- 7. Multiple Choice
Finance involves determining the amount of capital needed for the business and how the capital will be obtained.
True
False
- 8. Multiple Choice
A bank does not lend money to business people.
True
False
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