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Vocab Ch. 6

Authored by Kevin Carr

Business

9th - 12th Grade

Used 2+ times

Vocab Ch. 6
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Global Competition

Making a product or providing a service.

Making a product or providing a service.

Ability of profit-making organizations to compete with business in other countries.

Deals with all money matters related to running a business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Effectiveness

Businesses that use mostly labor to offer mostly intangible products to satisfy consumer needs.

Is letting workers decide how to perform their work tasks and offer ideas on how to improve the work process.

Making a product or providing a service.

Means making the right decisions about what produces or services to offer customers and how to produce and deliver them.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

domestic goods

Products made by firms in the United States.

Cutting back on the goods or services provided.

Means making the right decisions about what produces or services to offer customers and how to produce and deliver them.

Total market value of all goods and services produced in a country in a year.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

franchisor

The activities between business and customers involved in buying and selling goods and services.

The parent company of a franchise agreement that provides the product or service.

An organization that produces or distributes a good or service for profit.

Businesses that use mostly labor to offer mostly intangible products to satisfy consumer needs.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Finance

Term applied to any business that is operated by one or a few individuals.

Ability of profit-making organizations to compete with business in other countries.

Businesses that use mostly labor to offer mostly intangible products to satisfy consumer needs.

Deals with all money matters related to running a business.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

goods-producing businesses

Firms produce goods used by other businesses, organizations, or consumers.

Products made by firms in the United States.

The distributor of a franchised product or service.

Total market value of all goods and services produced in a country in a year.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Services Business

Firms produce goods used by other businesses, organizations, or consumers.

Businesses that use mostly labor to offer mostly intangible products to satisfy consumer needs.

The parent company of a franchise agreement that provides the product or service.

An organization that produces or distributes a good or service for profit.

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