Explore the fundamentals of business operations with our quiz on 'Characteristics of a Business'. Assess your understanding of profit calculation, marketing roles, innovation, business types, pricing strategies, and industrial business functions. Ideal for enhancing business acumen and preparing for academic or professional exams.
Supply only
Demand only
Both supply and demand
Competition
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True
False
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Empowerment
Output
Mass production
Industry
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Mall
One-stop shop
Industry
Sweatshop
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Franchisee
Effectiveness
Mass production
Output
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Quality increases
Quality decreases
Quality remains about the same
All of the above
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True
False
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Industrial
Service
Commercial
Mira's
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Franchisor
Franchisee
France
French fry
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Decreases
Increases
Remains about the same
Raises the price by one trillion dollars.
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Efficiency
Risk
Downsize
Effectiveness
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True
False
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USA
Third world
Industrial
None of the above
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Frequent flyer miles.
Absolute independence.
A guaranteed profit.
Complete protection from business failure.
Exclusive rights to sell the franchised product.
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True
False
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Mighty Moody Trojans!!!!!
The Other Team.
Downsize
Risk
Hire
Expand
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An industrial business
A commercial business
A professional crackhouse
A franchise
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True
False
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ESOP
TQM
GDP
UFC
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10%
35%
50%
98%
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Inadequate planning and experience
Economic and finance causes
Overexpansion and neglect
Inept owners and Inept workers
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