Types of Business Summative

Front

What type of business focuses on obtaining natural resources from the environment? Options: Retail, Extraction, Production, Consulting

Back

Extraction

Front

Kai's family runs a business that creates custom wooden tables and chairs. This business is an example of which type of business?

Back

Manufacturing

Front

Nora runs a business where she buys products in large quantities and sells them in smaller amounts to individual customers. What type of business is this?

Back

Merchandising

Front

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

Back

A coal mining company

Front

What type of business is a company that processes wood into furniture? Options: Service, Manufacturing, Merchandising, Extraction

Back

Manufacturing

Front

What type of business primarily offers skills or knowledge instead of products?

Back

Service

Front

How do the 4 Business Types support each other?

Back

Like family members

Front

What type of business activity provides raw materials? Service, Manufacturing, Merchandising, Extraction

Back

Extraction

Front

What type of business activity does the work for other businesses or everyday people?

Back

Service

Front

Which business activity makes it easy to buy products? Options: Merchandising, Manufacturing, Service, Extraction

Back

Merchandising