Business Vocabulary Test #3

Front

A producer is someone who

Back

makes things

Front

Farms, mines, and lumber companies are examples of

Back

raw good producers

Front

A company that transforms cotton into wearable clothing is considered a

Back

manufacturer

Front

Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?

Back

A builder

Front

Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a

Back

trade industry

Front

The two main divisions of the trade industry are

Back

wholesalers and retailers

Front

Determine whether the following statement is true or false: Trade industries all have the same form of ownership.

Back

False; they may be independent or belong to a chain

Front

Which of the following describes the services offered by trade industries: They are always limited, They vary from day to day, They are always full line, They may be limitied or full time

Back

They may be limitied or full time

Front

Business in trade industries that offer discount prices usually offer

Back

limited services

Front

Retailing takes place whenever goods are sold to the ultimate consumer.

Back

sold to the ultimate consumer