Quiz Over Classification Of Business Organization

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Quizzes Created: 1 | Total Attempts: 414

Questions: 5 | Attempts: 414 | Updated: Mar 20, 2023

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Quiz Over Classification Of Business Organization - Quiz

Maslow Hierarchy of needs, Promotional Strategies, the marketing mix,

Questions and Answers

1.

What are the various types of business organizations?
- A.
  
  Public sector, Franchise, Kentucky Fried Chicken
- B.
  
  Burger king, Grace, Registration general department
- C.
  
  Public sector limited company, Partnership, sole trader
Correct Answer
C. Public sector limited company, Partnership, sole trader

Explanation
The correct answer includes three types of business organizations: public sector limited company, partnership, and sole trader. A public sector limited company is a business owned and operated by the government. Partnership refers to a business owned and operated by two or more individuals who share the profits and liabilities. Sole trader refers to a business owned and operated by a single individual. These three types represent different structures and ownership models for businesses.

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2.

What is the highest stage in maslow's hierarchy of needs
- A.
  
  Esteem needs
- B.
  
  Safety and security needs
- C.
  
  Self actualization
Correct Answer
C. Self actualization

Explanation
Maslow's hierarchy of needs is a theory that categorizes human needs into five stages. The highest stage in this hierarchy is self-actualization. This stage represents the fulfillment of an individual's potential and the desire to become the best version of themselves. It involves personal growth, self-discovery, and the pursuit of meaningful goals. Esteem needs and safety and security needs are lower stages in the hierarchy, which are necessary but not as important as self-actualization.

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3.

What are the four P's in marketing?
- A.
  
  Product Promotion, plan, price, plus
- B.
  
  Promotion, price, place, product
- C.
  
  Price, productivity, plane, platform
Correct Answer
B. Promotion, price, place, product

Explanation
The four P's in marketing are promotion, price, place, and product. These elements are essential in developing a successful marketing strategy. Promotion refers to the activities that communicate and promote the product or service to the target audience. Price is the amount customers are willing to pay for the product or service. Place refers to the distribution channels and locations where the product or service is made available to customers. Lastly, product refers to the actual goods or services being offered to customers.

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4.

Identify some promotional strategies?
- A.
  
  TVJ and CVM
- B.
  
  Samples and magazines
- C.
  
  Advertising and personal selling
Correct Answer
C. Advertising and personal selling

Explanation
The correct answer is advertising and personal selling. Advertising involves using various media platforms to promote a product or service to a wide audience. This can include television, radio, print, and online advertisements. On the other hand, personal selling involves direct interaction between a salesperson and potential customers, where the salesperson can provide personalized information and persuade them to make a purchase. Both advertising and personal selling are effective promotional strategies that can help increase brand awareness and drive sales.

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5.

What is a goal in an organization?
- A.
  
  A future Plan
- B.
  
  A medal won
- C.
  
  Better than silver
Correct Answer
A. A future Plan

Explanation
A goal in an organization refers to a future plan that outlines the desired outcome or objective that the organization aims to achieve. It serves as a roadmap for the organization, providing direction and focus for its activities and initiatives. Goals are typically specific, measurable, achievable, relevant, and time-bound, helping to guide the organization's decision-making and resource allocation. By setting clear goals, organizations can align their efforts, motivate employees, and track progress towards their desired outcomes.

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Current Version
Mar 20, 2023

Quiz Edited by
ProProfs Editorial Team
Feb 23, 2011

Quiz Created by
Annmariejames

Quiz Over Classification Of Business Organization

What are the various types of business organizations?

What is the highest stage in maslow's hierarchy of needs

What are the four P's in marketing?

Identify some promotional strategies?

What is a goal in an organization?