Business Essentials 2.01 - 2.02 Review

Front

A large retailer wants to contribute to the well-being of society. It donates 10% of its proceeds to a charity that helps the environment. The retailer is demonstrating:

Back

social responsibility

Front

What do service businesses sell?

Back

intangible goods and services

Front

The two main divisions of the trade industry are: producers and retailers, wholesalers and retailers, wholesalers and producers, manufacturers and wholesalers

Back

wholesalers and retailers

Front

A business that buys goods or services and sells them to the ultimate consumer is a:

Back

retailer

Front

Monte works for a grocery store that buys food from producers and then sells it to customers. The grocery store is an example of a:

Back

trade industry

Front

Retailing occurs wherever goods are: sold to consumers or the ultimate customer.

Back

sold to consumers or the ultimate customer.

Front

All businesses should be socially responsible to whom?

Back

users

Front

To prepare for effective decision-making that ensures the efficient delivery of products to the marketplace, one should study:

Back

supply chains.

Front

A form of demand for products in which changes in price correspond to changes in demand is:

Back

elastic.

Front

The economic resource where people work to produce goods or services are:

Back

human resources.