Producers And Consumers! Trivia Knowledge Quiz

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| By Doaa Osama
Doaa Osama, Social Studies
Doaa is a passionate Year 4 Social Studies teacher who believes in making learning interactive and enjoyable. She fosters critical thinking in her students by encouraging comparisons, analysis, and evaluation.
Quizzes Created: 3 | Total Attempts: 2,017
| Attempts: 636
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  • 1/7 Questions

    When you have a car wash, you are having a ……………………..

    • Good
    • Service
    • Producer
    • Consumer
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About This Quiz

Below is a trivia knowledge quiz on Producers and consumers. In a business setting, a producer is someone who manufactures goods for other people’s consumption or purchase. This is the first thing that a business student gets to learn in school. Take the quiz and see how well you know the basics surrounding these two groups. All the best!

Producers And Consumers! Trivia Knowledge Quiz - Quiz

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  • 2. 

    People who buys and uses goods and services are called ………………………….

    • Producers

    • Consumers

    • Business

    • Services

    Correct Answer
    A. Consumers
    Explanation
    Consumers are individuals who purchase and utilize goods and services. They play a crucial role in the economy as they drive demand for products and services, ultimately influencing production and business decisions. Unlike producers who create and supply goods, consumers are the end-users who derive satisfaction from consuming the products and services available in the market.

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  • 3. 

    People who grow, make or sell products are called...………………….

    • Producers

    • Consumers

    • Goods

    • Services

    Correct Answer
    A. Producers
    Explanation
    People who grow, make or sell products are called producers. Producers are individuals or businesses that are involved in the production or creation of goods or services. They are responsible for the manufacturing, cultivation, or creation of products that are then made available for consumption by consumers. Producers play a crucial role in the economy as they are the ones who supply the market with the goods and services that fulfill the needs and wants of consumers.

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  • 4. 

    Chocolate is a ……………………...

    • Producer

    • Consumer

    • Good

    • Service

    Correct Answer
    A. Good
    Explanation
    Chocolate is considered a good because it is a tangible product that can be bought and sold. It is not a producer or consumer itself, and while it can be part of a service (such as being served in a restaurant), it is primarily classified as a good.

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  • 5. 

    Work done by others is a ……………………….

    • Goods

    • Service

    • Producer

    • Consumer

    Correct Answer
    A. Service
    Explanation
    The correct answer is "service" because the phrase "work done by others" implies that someone is providing a service to others. When someone is performing work for someone else, they are typically providing a service rather than producing goods.

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  • 6. 

    Business is the buying and selling of ………………………..

    • Producers

    • Consumers

    • Business

    • Goods and services

    Correct Answer
    A. Goods and services
    Explanation
    Business involves the exchange of goods and services between producers and consumers. Producers create goods and services, while consumers purchase and use them. This exchange is the fundamental activity of business, where goods and services are bought and sold to meet the needs and wants of consumers. Therefore, the correct answer is goods and services.

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  • 7. 

    Things that can be bought or sold are ……………..

    • Goods

    • Services

    • Producers

    • Consumers

    Correct Answer
    A. Goods
    Explanation
    Goods are tangible items that can be bought or sold in the market. They are physical products that satisfy the needs and wants of consumers. Examples of goods include food, clothing, electronics, and furniture. Services, on the other hand, are intangible activities or tasks that are performed to meet the needs of others. Producers and consumers are not things that can be bought or sold, but rather they are the individuals or entities involved in the production and consumption of goods and services.

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Quiz Review Timeline (Updated): Feb 1, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Feb 01, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 22, 2019
    Quiz Created by
    Doaa Osama
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