Business Quiz
Master Your Business Knowledge
Test your understanding of key business concepts with our engaging quiz! Designed for both students and professionals, this quiz covers a variety of topics including production methods, market strategies, and financial formulas.
Join now to challenge yourself and learn more! Here’s what you can expect:
- 10 thought-provoking questions
- Immediate feedback on your answers
- Improve your knowledge in a fun way
Which one of these is an advantage of Job production
Very Expensive
Satisfied customers
More storage place
Unhappy customers
Which one of this is best describes Niche market
A small section of a market
A large section of a market
A section of market
Marketing Strategy
What is Span of control
Number of workers for whom a manger is in charge of
Number of worker in a company
A management job
Extension strategy
Which one this is not part of the Product life cycle
Saturation
Growth
Maturity
Gross Profit
What is Lean production
Fast way of production
Cutting out waste
Faster output
Ignoring waste
Pick one Disadvantage of Batch Production
Faster Production
Storage Place
Satisfied Customers
Cheap to produce
What is Flow Production
Enables a product to be created in a series of stages on.an assembly line
Customized Work
Created in a batch
Created in a Bulk
What's the formula of Return on capital employed (ROCE)
Net profit/Capital Employed x100
Gross Profit- Net profit
Net profit -inflow
What is ROCE
What the Formula for Revenue
Price X Quantity Sold
Net Profit x Gross Profit
Fixed cost + Variable Cost
Fixed cost + Variable Cost
What best describes Ethics
When a business doesn't do anything
When a Business prefers money over what's more right
When a Business dose what right rather than what's more profitable
When they do the wrong thing
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