Purpose of Business Flashcard

Front

What is one of the main purposes of businesses?

Back

To fulfill the needs and wants of consumers

Front

Fill in the blank: Consumers use ______ and services.

Back

goods

Front

Which of the following is an example of a service provided by businesses? Clothing, Cars, Hairdresser, Computers

Back

Hairdresser

Front

Fill in the blank: Businesses sell goods, services, or both to ______.

Back

consumers

Front

The profit motive in starting a business is:

Back

To generate financial gain

Front

What is one of the functions of business related to accounting? Fill in the blank: ________ bills.

Back

Process

Front

What is one of the functions of business related to accounting? Fill in the blank: Preparing employee ________ checks.

Back

Preparing employee payroll checks.

Front

What is one of the functions of management in a business?

Back

Ensuring the organization meets its goals and obligations

Front

What are the four P's of marketing?

Back

Product, Price, Place, Promotion

Front

Which of the following is not one of the four P's of marketing? Product, Price, Placement, Planning

Back

Planning