Business and Marketing Flashcard #1 Review

Front

What is business?

Back

Activity that satisfies economic needs and/or wants of customers

Front

What are the primary functions of business?

Back

Marketing and production

Front

What are the secondary functions of business?

Back

Finance and management

Front

A marketplace is: anywhere a product is sold to a buyer

Back

anywhere a product is sold to a buyer

Front

What business is an example of a producer? Options: Apple, Doggie Daycare, Target, Kohl's

Back

Apple

Front

What business is an example of a trade industry? Options: Wal-Mart, Features, Ford, Altra Federal Credit Union

Back

Wal-Mart

Front

What business is an example of a service industry? Starbucks, American Eagle, Moxy Salon and Spa, Wal-Mart

Back

Moxy Salon and Spa

Front

Is Apple a large or small business?

Back

Large

Front

Is Culver's a domestic or global business?

Back

Domestic

Front

Is the Red Cross a profit or non-profit business?

Back

Nonprofit