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- 1. Multiple Choice
A product is defined as...
the act of doing work for someone
a thing produced by labour or effort
a transaction with no physical goods
- 2. Multiple Choice
Which of the following does not define a service?
it is a system that provides the public with something it needs
it needs someone's skills and expertise
it is the production of tangible items
- 3. Multiple Choice
Which of these is considered a product?
beauty parlour
smartphone
car repair shop
- 4. Multiple Choice
Which of the following is a service?
shopping mall
appliance store
airlines
- 5. Multiple Choice
A hotel room is classified as...
a type of personal space
a type of food
a type of accommodation
- 6. Multiple Choice
Consumable goods are durable goods that will last for a long time.
TRUE
FALSE
- 7. Multiple Choice
A business that can either be selling time and expertise, such as professionals, is called a service business.
TRUE
FALSE
- 8. Multiple Choice
Which of these are consumable goods?
shoes
bread
furniture
- 9. Multiple Choice
These are non-consumable goods...
shampoo and lotion
TV and electric fan
fruits and vegetables
- 10. Multiple Choice
Which of these intangible products are rendered by doctors, teachers, consultants, architects, etc.?
rental goods service
owned goods service
non-goods service
- 11. Multiple Choice
Which of the following is NOT a characteristic of services?
Tangible
Perishable
Inseparable
- 12. Multiple Choice
The following are current and trendy products and services today except...
Computers and gadgets
Organic and healthy food
Souvenir items
- 13. Multiple Choice
Food-related businesses should be made their products unique and special due to competition.
TRUE
FALSE
- 14. Multiple Choice
Which of these are the criteria needed before starting a business? (requires many answers)
Time
Profitability
Availability of raw materials
Knowledge of the business
- 15. Multiple Choice
Who will benefit if you have a restaurant or cafeteria business? (many answers)
Employees
Students
Office workers
Drivers
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