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Unit 7 Quiz

Quiz by Kathleen Brown

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10 questions
Show answers
  • Q1
    What are demographics?
    Geographical areas with well-defined boundaries
    Characteristics of a population, such as gender, age, race, religion, education, and so on
    Style and entertainment trends within a specific target market, such as teenage girls, business people, grandparents, and so on
  • Q2
    Which of the following things could make a business idea a bad opportunity?
    Low customer demand
    Low competition
    Low startup costs
  • Q3
    What is the SBA intended to do?
    Reduce prices for consumers
    Increase school programs for business education
    Support small businesses
  • Q4
    A company that is located in the U.S. and sells its product to customers in Mexico is participating in what?
    Web marketing
    The global marketplace
    News media
  • Q5
    Which of the following is a style trend?
    An increase in the population of young parents in a neighborhood
    An increased concern for protecting the environment
    The popularity of a new type of jeans
  • Q6
    Which of the following factors is especially important to consider when you are evaluating whether a business idea is a good opportunity?
    News media
    Customer demand
  • Q7
    Your skills and talents are part of your ____________.
  • Q8
    Which of the following can help an entrepreneur enter the business market of a different country?
    Producing more units of a product
    Creating a Web business
    Changing to a different lifestyle
  • Q9
    A company's competitors are other companies that are trying to do what?
    Take advantage of the same opportunity
    Make a profit
    Analyze demographic trends
  • Q10
    A ___________ is a consumer problem, need, or desire that a business could provide a solution for.
    Company goal
    Business idea
    Business opportunity

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