Intro to Business Final Exam

Front

an organization that produces and distributes goods and services.

Back

Business

Front

Activities provided by a business that cannot be touched.

Back

Services

Front

Things that we would like to have, but are not necessary for survival are

Back

Wants

Front

A type of business that makes money from donations by people.

Back

Non-profit Organization

Front

A tree is an example of which factor of production?

Back

Land

Front

A business owner is an example of which factor of production?

Back

Entrepreneurship

Front

Which part of a business plan provides an overview of what the business is about?

Back

executive summary

Front

You are marketing a cheap tablet that is especially geared toward the needs of high school students. What demographic variable would you most likely consider in your marketing campaign?

Back

age

Front

Which of the following indicates a period of time in which economic growth is happening? Contraction, Expansion, Trough, Recession

Back

Expansion

Front

As a company, I am going through a phase in which there are too many employees and not enough work. A lot of newer businesses have had to close down due to not being able to keep up with their expenses. I have had to lay off employees and am struggling to create enough business to pay my debts. Hopefully the economy will expand soon... What phase is this?

Back

Contraction