Bus Mgmt Chapters 6 & 7

Front

Most of the businesses currently operating in the United States are manufacturing firms.

Back

False

Front

Risk in business involves competition from new products.

Back

True

Front

The franchisor is the distributor of a franchised product or service.

Back

False

Front

An organization that produces or distributes a good or service for profit is called a business.

Back

True

Front

Service businesses produce goods.

Back

False

Front

Innovations refer only to the invention of new products.

Back

False

Front

Output refers to the quantity, or amount, produced within a given time. True or False?

Back

True

Front

Marketing deals with money matters related to running a business.

Back

False

Front

Firms that are extremely efficient are always very effective.

Back

False

Front

Some businesses produce goods that other businesses use to make things.

Back

True