Types of Business Flashcard

Front

Which type of business is primarily involved in extracting raw materials from the earth or sea? Options: Manufacturing, Extraction, Merchandising, Service

Back

Extraction

Front

A company that produces furniture from wood is an example of which type of business?

Back

Manufacturing

Front

A business that buys products in bulk and sells them in smaller quantities to consumers is known as what type of business?

Back

Merchandising

Front

Which of the following businesses would most likely be involved in the extraction industry? A bakery, A coal mining company, A clothing store, A law firm

Back

A coal mining company

Front

If a company is involved in turning raw cotton into fabric, what type of business is it?

Back

Manufacturing

Front

Which type of business focuses on selling labor or expertise rather than physical products?

Back

Service

Front

A retail store that sells electronics to consumers is an example of which type of business? Options: Extraction, Manufacturing, Merchandising, Service

Back

Merchandising