Chapter 4 - Business in the Free Enterprise
Authored by Lorie Martinez
Business
9th - 10th Grade
Used 21+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization that generates revenue -
producer
for-profit business
nonprofit business
retailer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that creates goods and services
producer
retailer
intermediary
wholesaler
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers. Also known as a distributor.
reseller
producer
wholesaler
manufacturer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that buys products from wholesalers or directly from producers, and sells them to consumers to make a profit
Retailer
Service business
Intermediary
for-profit business
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consists of customers who buy products for use in a business
consumer market
business-to-consumer
business market
business-to-business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that is owned and often operated by a single individual
partnership
corporation
limited liability corporation
proprietorship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Share of ownership in a corporation
stock
dividend
board of directors
liability
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