BIZ -Lloydieeee
Business Essentials Quiz
Test your knowledge on essential business concepts with this engaging quiz! Designed for anyone interested in understanding the key principles of marketing, competition, and consumer behavior, this quiz will enhance your grasp of business fundamentals.
Key Features:
- 20 multiple-choice questions
- Instant feedback on your answers
- Ideal for students, professionals, and enthusiasts alike
Refers to the goods and services offered by the organization
Services
Demand
Products
Is the desire, willingness, and ability to buy a good or services.
Supply
Demand
Services
Products
Are items that you can’t touch; they are mostly services
Tango
Tangible
Intangible
Is a person who selects, purchases, uses, or disposes of goods or service.
Customer
Service
Consumer
Goods
Is the contest between businesses to win customers. Companies thrive on competition
Goods
Demand
Competition
Challenge
Is the amount of money left over after a business has paid for the cost of producing its goods and services
Business
Demand
Profit
Supply
Items that likely to spoil, decay, or become unsafe to consume in certain conditions.
Decaying
Perish
Perishable
Supply
Refers to the various quantities of a good or service that producers are willing to sell at all possible market prices.
Supply
Demand
Consumer
Products
σ� Every business does except:
Identify opportunities for products or services.
Keep records.
Manage production of goods and services.
Throw records
A document that states an initial commitment between two parties and details the basic terms and provisions of their proposed transaction, which will then be discussed and resolved as part of the negotiation process.
Business (LOI)
Employment (LOI)
Educational (LOI)
Letter of Intent
Parts of Personal except:
Head
Heading
Inside Address
Salutations
Parts of a letter of intent except:
Body
Complimentary Closing
Signature lines
Reference Initials
None of the above
A letter of intent in business may indicate that two parties are embarking on a transaction of some kind, like a merger, purchase agreement of a company or shares, or a joint venture.
To announce a deal
To protect both sides of a deal.
To confirm and outline the terms of a deal.
A letter of intent in a job search context announces a job seeker’s interest in working for an employer.
Business letter of intent
Education letter of intent
Employment letter of intent
Family court letter of intent
May indicate a prospective buyer’s interest in purchasing a property, or it may be an agreement between landlords and prospective tenants that details rent and all requirements for tenancy.
Employment letter of intent
Family court letter of intent
Real Estate letter of intent
A letter of intent is used when soliciting government grants that inform the grant agency about the amount of work required by the project and how the individual or organization will apply the grant money to the project.
Government Letter of intent
Family Court letter of intent
Education letter of intent
A letter of intent is part of the application process and confirms a prospective student’s interest in studying at a college or university.
Education
Education letter of intent
School
Business is _______ when the sales amount is higher than the operational expenses.
Profit
Affordable
Profitable
The Price changes because of the _______________
Supply
Demand
Products
Products & Services
Supply & Demand
These are all example of goods except for:
Clothes
Car
Shabu
Cellphone
None of the above
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