Chapter 1 Business & Society

Chapter 1 Business & Society

Assessment

Flashcard

Financial Education

12th Grade

Practice Problem

Hard

Created by

Nicole Kruser

FREE Resource

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18 questions

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1.

FLASHCARD QUESTION

Front

Producers

Back

Businesses or individuals that make or provide goods and services. Example: A farmer growing crops or a company producing electronics.

2.

FLASHCARD QUESTION

Front

Raw-Goods Producers

Back

Businesses that supply natural resources in their original state. Example: A lumber company providing wood or a fishery supplying seafood.

3.

FLASHCARD QUESTION

Front

Manufacturers

Back

Businesses that transform raw materials into finished products people can use. Example: A clothing company turning cotton into T-shirts.

4.

FLASHCARD QUESTION

Front

Builders

Back

Businesses or individuals who construct infrastructure and buildings used by society. Example: A company that builds schools, hospitals, or homes.

5.

FLASHCARD QUESTION

Front

Trade Industries

Back

Businesses that buy and sell goods without changing them. Example: Walmart, Target, or Amazon selling products directly to consumers.

6.

FLASHCARD QUESTION

Front

Retailers

Back

Trade businesses that sell goods directly to consumers. Example: Grocery stores, clothing shops, and online stores like Amazon.

7.

FLASHCARD QUESTION

Front

Wholesalers

Back

Trade businesses that sell products to other businesses, sometimes to consumers too. Example: Costco and Sam’s Club sell products in bulk to both consumers and small retailers.

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