Business Basics
The process of starting and running a new business to make a profit is called:
A) Mentorship B) Entrepreneurship
C) Compensation D) Collaboration
B) Entrepreneurship
A person’s career or occupation, especially one that matches their calling or purpose, is known as their:
A) Candidate B) Vocation C) Startup D) Executor
B) Vocation
A business’s share of total sales in a particular market is known as its:
A) Market segment B) Market share C) Customer behavior D) Capital
B) Market share
When two organizations work together toward a shared goal, they form a:
A) Partnership B) Segment C) Venture D) Retailer
A) Partnership
The process of introducing a new product or service to the market is called a:
A) Launch B) Collaboration C) Partnership D) Venture
A) Launch
The money or assets invested to start or grow a business is called:
A) Capital B) Compensation C) Venture D) Vocation
A) Capital
People applying for a job position are referred to as:
A) Candidates B) Ventures C) Retailers D) Partners
A) Candidates
Companies often analyze __________ to understand how buyers make purchasing decisions.
A) Retailers B) Market trends
C) Customer behavior D) Human capital
C) Customer behavior
Working jointly with others to achieve a common purpose is called:
A) Collaboration B) Recruitment C) Facilitation D) Launch
A) Collaboration
A business founded to develop a unique product or service is known as a:
A) Venture B) Startup C) Market segment D) Retailer
B) Startup
A new business project that involves risk and innovation is known as a:
A) Partnership B) Venture C) Startup D) Market segment
B) Venture
Employees or trainees who are brought into a company through a hiring process are:
A) Mentored B) Tailored C) Recruited D) Launched
C) Recruited
A group of consumers with similar characteristics that a business targets is called a:
A) Market segment B) Venture C) Partnership D) Workforce
A) Market segment
A __________ leader inspires others by having creative foresight and long-term goals.
A) Tailored B) Visionary C) Candidate D) Executor
B) Visionary
A person who ensures a project is completed as planned is known as an:
A) Executor B) Visionary C) Retailer D) Candidate
A) Executor
Employees receive monetary __________ in return for their work and contributions.
compensation
Good leaders provide __________ to help less experienced employees grow in their careers.
mentorship
Clothing __________ offer goods directly to individual buyers rather than wholesalers.
retailers
Each brand in the luxury market has unique __________ that set it apart from competitors.
attributes
The new online platform aims to __________ communication between teams and clients.
facilitate
Successful entrepreneurs often show great __________ when facing failure or unexpected challenges.
resilience
Investing in workers’ skills and education develops the company’s __________.
human capital
Businesses monitor __________ to predict what products will be popular in the future.
market trends
The brand’s sense of __________ helps it remain selective and prestigious.
exclusivity
The company created a __________ training program to meet the specific needs of new hires.
tailored