Business Basics
What is the term for money a business earns after deducting expenses?
A)Revenue B)Profit C)Investment D)Gross Income
B)Profit
What does the “P” in the 4 P’s of marketing stand for?
A) Product B) Price C) Place D) Promotion
A) Product
Which company is known for its slogan “Just Do It”?
Nike
What is the term for someone who starts their own business?
A) Entrepreneur B) Investor C) CEO D) Partner
A) Entrepreneur
What is the term for money that a person borrows and has to pay back with interest?
A) Grant B) Loan C) Equity D) Dividend
B) Loan
Question: What does the acronym CEO stand for?
A) Chief Economic Officer B) Chief Executive Officer C) Corporate Executive Officer D) Chief Engagement Officer
B) Chief Executive Officer
What is the term for a symbol or design that identifies a business and its products?
A) Slogan B) Logo C) Branding D) Trademark
B) Logo
What company is the largest online retailer in the world?
Amazon
What popular show lets entrepreneurs pitch their ideas to investors?
Shark Tank
What is the term for ownership in a company represented by shares?
A) Stock B) Bond C) Dividend D) Mutual Fund
A) Stock
What is a document that outlines a company’s goals and plans for achieving them? A) Mission Statement B) Business Plan C) Marketing Strategy D) Sales Forecast
B) Business Plan
What social media platform is BEST known for short videos and viral trends?
A) Instagram B) Facebook C) TikTok D) Twitter
C) TikTok
Which company makes iPhones and MacBooks?
Apple
What is the term for the money used to start a business?
A) Capital Investment B) Venture Funding C) Startup Capital D) Seed Money
C) Startup Capital
What does ROI stand for in finance?
A) Rate of Investment B) Return on Investment C) Return on Income D) Risk of Investment
B) Return on Investment
What type of business is owned and operated by one person?
A) Corporation B) Sole Proprietorship C) Partnership D) Limited Liability Company (LLC)
B) Sole Proprietorship
What is it called when a company pays to have its product featured in a movie or TV show?
A) Advertisement B) Product Placement C) Sponsorship D) Brand Partnership
B) Product Placement
What coffee chain is known for its green mermaid logo?
Starbucks
What company did Mark Zuckerberg create in his college dorm room?
What is a type of account where you earn interest on your savings?
A) Checking Account B) Savings Account C) Investment Account D) Brokerage Account
B) Savings Account
What is the economic system in which private individuals own businesses to make a profit?
A) Socialism B) Capitalism C) Communism D) Feudalism
B) Capitalism
What is the process of dividing a market into smaller groups with similar needs or characteristics?
A) Targeting B) Market Segmentation C) Brand Positioning D) Positioning Strategy
B) Market Segmentation
What company started in a garage and became the world’s largest technology company by revenue?
A) Microsoft B) Google C) Apple D) Hewlett-Packard (HP)
D) Hewlett-Packard (HP)
What is the term for a small group of early customers who give feedback on a product?
A) Focus Group B) Test Market C) Beta Testers D) Pilot Group
C) Beta Testers
What is the term for the total value of goods and services produced in a country?
A) Net Profit B) Gross National Product (GNP) C) Gross Domestic Product (GDP) D) National Income
C) Gross Domestic Product (GDP)