POB Chapter 5.1 Review

Front

About what percent of US businesses employ 100 or more workers?

Back

less than 1 %

Front

The largest number of U.S. businesses employ

Back

no employees other than the owner

Front

Which of the following is not one of the common activities of all businesses? employing and training personnel, marketing good and services, maintaining business records, producing good and services

Back

producing good and services

Front

A retailer is an example of a(n)

Back

intermediary

Front

Which of the following is not a producer? chicken farm, coal mine, appliance factory, pharmacy

Back

pharmacy

Front

Business activities start from

Back

producers

Front

Which major category of businesses is the fastest growing in the US economy? Options: producer, service business, manufacturer, intermediary

Back

service business

Front

Do all businesses make products?

Back

false

Front

Business that takes resources from nature for direct consumption is a specific producer called a(n)

Back

Extractor

Front

_____ refers to the activities directed at providing the goods and services wanted by a business’ customers.

Back

Marketing