Question 1

What does SWOT stand for in business analysis?

Accepted Answer

Strengths, Weaknesses, Opportunities, Threats

Answer

Surveys, Wages, Offers, Trends

Answer

Suppliers, Workers, Operations, Technology

Answer

Sales, Workforce, Objectives, Targets

Question 2

What is a primary function of marketing in a business?

Accepted Answer

To identify and satisfy customer needs

Answer

To manage financial accounts

Answer

To hire employees

Answer

To design products only

Question 3

What is the main purpose of a business plan?

Accepted Answer

To outline the goals and strategy of a business

Answer

To reduce product prices

Answer

To limit competition

Answer

To maximize employee salaries

Question 4

What is the term for a business owned and operated by a single individual?

Accepted Answer

Sole proprietorship

Answer

Partnership

Answer

Corporation

Answer

Franchise

Question 5

What is considered a fixed cost for a business?

Accepted Answer

Rent for office space

Answer

Hourly wages for employees

Answer

Utilities based on usage

Answer

Raw materials for production

Question 6

What is the role of an accountant in a business?

Accepted Answer

To record and analyze financial transactions

Answer

To design products

Answer

To manage human resources

Answer

To create marketing strategies

Question 7

Which of the following is a benefit of e-commerce for businesses?

Accepted Answer

Wider market reach

Answer

Increased physical store traffic

Answer

Higher operational costs

Answer

Limited customer interaction

Question 8

What is the significance of market research for a business?

Accepted Answer

It helps to understand customer preferences

Answer

It reduces operational costs

Answer

It eliminates competition

Answer

It guarantees profit

Question 9

What is the main purpose of advertising in business?

Accepted Answer

To promote products or services to potential customers

Answer

To increase production costs

Answer

To limit customer choices

Answer

To decrease sales revenue

Question 10

What does the term 'cash flow' refer to in a business?

Accepted Answer

The total amount of money moving in and out of a business

Answer

The profit made from sales

Answer

The amount of debt a business has

Answer

The value of a company's assets

Related quizzes

Related quizzes