S2, Business Management--Unit 2

Jane Smith has a great recipe for chicken wings. Her husband has convinced her to sell her chicken wings to local restaurants. Jane is going to be a(n) _____.

• intrapreneur

• employee

• manager

• entrepreneur

Choose the TRUE statements about entrepreneurs...

• are their own bosses

• can choose a business that interest them

• can make large sums of money

• can be creative

• are dependent.

These businesses actually produce the products they sell

• manufacturing

• wholesaling

• retailing

• service

• agricultural

Retail businesses sell products directly to the people who use or consume them.

• True

• False

Some wholesale businesses are retail stores.

• True

• False

What type of business is Pink Plumber?

Choose the BEST answer.

• Retail

• Service

A consumer bought a pair of shoes at Heavenly Soles. The shoes were made by Sierra Shoes. Heavenly Soles purchased the shoes, which were part of a large shipment, from Hughes Apparel. Two years later, the consumer had the heels of the shoes repaired at Casey's Shoe Repair. Which business is the retailing business?

• Heavenly Soles

• Sierra Shoes

• Hughes Apparel

• Casey's Shoe Repair

A consumer bought a pair of shoes at Heavenly Soles. The shoes were made by Sierra Shoes. Heavenly Soles purchased the shoes, which were part of a large shipment, from Hughes Apparel. Two years later, the consumer had the heels of the shoes repaired at Casey's Shoe Repair. Which business is the manufacturing business?

• Heavenly Soles

• Sierra Shoes

• Hughes Apparel

• Casey's Shoe Repair

Some entrepreneurial businesses like Nike can be classified in two categories.

• True

• False

What type of entrepreneurial business is this company?

• Manufacturing

• Mining & Extraction

• Retail

• Agricultural