5. A rise in interest rates stimulate less spending, more a. Spending c. Exploring Business b. Business Transaction d. Savings 6. Distributor of goods and services needed in the operation of the business. a. Entrepreneur c. Consumer b. Supplier d. None of the above 7. The unemployed spend less because of a. Lower personal income c. High income b. No income d. None of the above 8. Example of web - based business is an a. e - Commerce c. Exporting b. Hotel and Restaurant d. Importing 9. A increase in spending means a. . More income C. Personal wealth b. Economic growth d. All of the above 10. When consumers are likely to respond to promotional advertisements that connect to their feeling to influence them, then the business a. Encourage customers to look for value b. Influence consumers emotionally c. Offer social responsibility d. Change behavior with customer service 1 1. When consumers are likely to be influence to switch on your product when it meets their expectations and get higher value. a. Encourage customers to look for value b. Influence consumers emotionally c. Offer social responsibility d. Change behavior with customer service 12. When consumers are likely to patronize your products and services when business contribute to the community by being socially active such as scholarship and tree planting. a. Encourage customers to look for value b. Influence consumers emotionally c. Offer social responsibility d. Change behavior with customer service 13. When business let customers feel that they are important and give an excellent service then the business can a. Encourage customers to look for value b. Influence consumers emotionally c. Offer social responsibility d. Change behavior with customer service 14. Below are list that company take into account in choosing the right supplier. Which of the following does not belong to the group? a. Quality of products/services provided c. Reliability of Service b. Customer preference d. Supplier's Reputation 15. Which of the following is not a determinant of spending? a. Expectations c. Interest RatesChoose the letter of the best an swer. Write your answer on a separate sheet of paper. 1. Spending and saving are mutually exclusive which means that if income is xed, any change in household's savings will inversely affect a. Inventing c. Producing b. Spending d. Buying 2. Changes in tax rates can clearly affect net income thus affect household a. Investing c. Borrowing b. Producing d. Spending 3. Businesses need the support of this industry to provide the tools needed to produce goods] services. a. Consumer . c. Supplier b. Entrepreneur (1. Income 4. A successful business inuences the behavior of a. Capital 0. Consumers h ammum- d. Entrepreneur