Unit 7 Quiz
Quiz by Kathleen Brown
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10 questions
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- Q1What are demographics?Geographical areas with well-defined boundariesCharacteristics of a population, such as gender, age, race, religion, education, and so onStyle and entertainment trends within a specific target market, such as teenage girls, business people, grandparents, and so on30s
- Q2Which of the following things could make a business idea a bad opportunity?Low customer demandLow competitionLow startup costs30s
- Q3What is the SBA intended to do?Reduce prices for consumersIncrease school programs for business educationSupport small businesses30s
- Q4A company that is located in the U.S. and sells its product to customers in Mexico is participating in what?Web marketingThe global marketplaceNews media30s
- Q5Which of the following is a style trend?An increase in the population of young parents in a neighborhoodAn increased concern for protecting the environmentThe popularity of a new type of jeans30s
- Q6Which of the following factors is especially important to consider when you are evaluating whether a business idea is a good opportunity?TechnologyNews mediaCustomer demand30s
- Q7Your skills and talents are part of your ____________.BackgroundAbilitiesInterests30s
- Q8Which of the following can help an entrepreneur enter the business market of a different country?Producing more units of a productCreating a Web businessChanging to a different lifestyle30s
- Q9A company's competitors are other companies that are trying to do what?Take advantage of the same opportunityMake a profitAnalyze demographic trends30s
- Q10A ___________ is a consumer problem, need, or desire that a business could provide a solution for.Company goalBusiness ideaBusiness opportunity30s