
Business Types and Functions
Authored by PAUL ADAMS
Business
9th - 11th Grade
Used 178+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
This type of business takes processed goods and creates finished products
Processor
Intermediary
Manufacturer
Wholesaler
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Wholesaler businesses...
Usually sell goods directly to consumers
Gather raw goods from natural resources
Make finished products from processed goods
Buy large quantities of goods and sell them in smaller amounts to retailers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Handling money, paying bills, and creating statements and reports regarding money involves the ___________ function of business.
Finance and accounting
Management
Marketing
Production and procurement
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Businesses that buy goods, store them, and resell them are...
Intermediaries
Manufacturers
Processors
Wholesalers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ABC Company extracts oil from the ground and sells it to other companies to be processed. It is an example of a
Manufacturer
Intermediary
Producer
Retailer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This function of business involves creating, expanding, manufacturing, or improving goods and services.
Production
Procurement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This business is an example of a retailer
Carrier who assembles parts to create AC units
REI who sells outdoor goods to consumers
Merry Maids who provide house cleaning services
Dunder Mifflin who buy large quantities of paper and sell it to other businesses in smaller quantities
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