Producers And Consumers! Trivia Knowledge Quiz

Approved & Edited by ProProfs Editorial Team

The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.

Learn about Our Editorial Process

| 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: 1,926

Questions: 7 | Attempts: 600 | Updated: Feb 1, 2023

Questions

Settings

Feedback

During the Quiz End of Quiz

Difficulty

Sequential Easy First Hard First

Play as

Quiz Flashcard

Create your own Quiz

Share on Facebook Share on Twitter Share on Whatsapp Share on Pinterest Share on Email Copy to Clipboard Embed on your website

Producers And Consumers! Trivia Knowledge Quiz - 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!

Questions and Answers

1.

People who grow, make or sell products are called...………………….
- A.
  
  Producers
- B.
  
  Consumers
- C.
  
  Goods
- D.
  
  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.

Rate this question:

1
0
2.

People who buys and uses goods and services are called ………………………….
- A.
  
  Producers
- B.
  
  Consumers
- C.
  
  Business
- D.
  
  Services
Correct Answer
B. 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.

Rate this question:
3.

Chocolate is a ……………………...
- A.
  
  Producer
- B.
  
  Consumer
- C.
  
  Good
- D.
  
  Service
Correct Answer
C. 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.

Rate this question:

2
0
4.

When you have a car wash, you are having a ……………………..
- A.
  
  Good
- B.
  
  Service
- C.
  
  Producer
- D.
  
  Consumer
Correct Answer
B. Service

Explanation
When you have a car wash, you are providing a service to the customers. A car wash involves cleaning and maintaining the exterior and sometimes the interior of a vehicle, which is a service provided to the customers. The customers pay for this service to get their cars cleaned and maintained, making them the consumers of this service. Therefore, the correct answer is "service."

Rate this question:

1
0
5.

Business is the buying and selling of ………………………..
- A.
  
  Producers
- B.
  
  Consumers
- C.
  
  Business
- D.
  
  Goods and services
Correct Answer
D. 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.

Rate this question:
6.

Things that can be bought or sold are ……………..
- A.
  
  Goods
- B.
  
  Services
- C.
  
  Producers
- D.
  
  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.

Rate this question:
7.

Work done by others is a ……………………….
- A.
  
  Goods
- B.
  
  Service
- C.
  
  Producer
- D.
  
  Consumer
Correct Answer
B. 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.

Rate this question:

Quiz Review Timeline +

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

Producers And Consumers! Trivia Knowledge Quiz

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

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

Chocolate is a ……………………...

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

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

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

Work done by others is a ……………………….