
PBM - Chapter 1 - Day 1
Authored by Kristy Craddock
Business
9th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
____________ is the term for all activities involved in developing and exchanging products.
Business
Entrepreneurship
Economics
Corporation
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The customer of a service business is often called a ________.
customer
consumer
client
none of these
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Anything that is bought or sold is called a(n) _______________.
item
service
business
product
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Customers who purchase goods and services for their own use are called __________.
individuals
consumers
purchasers
groups
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
______________ utility is added when a business changes the form of a good or service to make it more useful.
Possession
Time
Form
Plave
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A ______________ is anywhere buyers and sellers meet to buy and sell goods and services.
store
workplace
restaurant
market
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The difference between the income earned and the expenses incurred by a business during a specific period of time is called _____________.
sales
profit
expenses
costs
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