Description

Topic 5 Quiz is a multiple-choice quiz that covers Chapter 7. This is a timed quiz lasting 15 minutes.

1. Question: Because of ____ , businesses are forced to be competitive:
2. Question: Milton Friedman’s famous maxim, paraphrased: The social responsibility of business is to:
3. Question: An income gained from business activities, this term means the gross (before taxes, expenses, ):
4. Question: The point with the largest vertical distance between the total revenue and total costs represents the point at which:
5. Question: The most difficult part of marketing mix is:
6. Question: Self-actualization is NOT:
7. Question: The Robinson-Patman Act:
8. Question: The ROI equation does not:
9. Question: —- represent where the total revenue and total cost are
10. Question: _____ must be established with added value, or what is above and beyond what is