Business Development Test Questions
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Are you in the business development field? Can you answer some of these test questions asked here? Let's check it out now. With a combination of business and commerce, business development is a process of development within and between organizations. Take this test to assess your knowledge of business development. You can refer this quiz to every person who is working in this domain so that they can also analyze and improve their knowledge if needed.
- 1.
The most important criteria in segmenting a business's customers are...- A.
Demographics
- B.
It depends
- C.
Psychographics
- D.
Buying criteria and buying behaviour
- 2.
The most important stakeholder(s) responsible for the successful development of a business is/are...
- A.
Owners
- B.
Employees
- C.
A and B
- D.
Neither
- 3.
“Many people want a car but only a few are able to buy.” This is an example of...
- A.
Want
- B.
Demand
- C.
Need
- D.
Status
- 4.
Which of the following human needs are shaped by the culture and individual personality?
- A.
Wants
- B.
Demands
- C.
Needs
- D.
Social needs
- 5.
What is referred to as a want backed by an ability to pay?
- A.
Wants
- B.
Demand
- C.
Needs
- D.
Status
- 6.
The establishment of certain standards or specifications for a product is called...
- A.
Standardization
- B.
Gradation
- C.
Product Control
- D.
Product Development
- 7.
Which of the following terms is described as testing before launching product?
- A.
Acid test
- B.
Concept testing
- C.
Market test
- D.
Test marketing
- 8.
What is the basic role of promotion in business?
- A.
Communication
- B.
Information
- C.
Interpretation
- D.
Manipulation
- 9.
The trade of value between two parties shows...
- A.
Transaction
- B.
Commission
- C.
Need
- D.
Want
- 10.
The aim of marketing products and services is to....
- A.
Produce
- B.
Make profit
- C.
Satisfy customer needs
- D.
Sell products
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