Business Activities/Business in Our Economy Review

Any commercial activity that seeks profit by providing goods or services to others in exchange for money.

• Business

• Demand

• Gross Domestic Product

• Service

The total value of the goods and services produced in a country in a given year.

• Demand

• Extractor

• Gross Domestic Product

• Manufacturer

The amount of goods and services that producers will provide at various prices.

• Demand

• Supply

Amount of quantity of goods and services that consumers are willing to buy at various prices.

• Demand

• Supply

A business that is involved with moving goods from producers to consumers.

• Extractor

• Manufacturer

• Marketer

• Service

Takes the extractor’s products or raw materials and changes them into a form that consumers can use.

• Extractor

• Manufacturer

• Marketer

• Service

A business that grows products or takes raw materials from nature.

• Extractor

• Manufacturer

• Marketer

• Service

Business that does things instead of making or marketing products.

• Extractor

• Manufacturer

• Marketer

• Service

Businesses cannot operate without human resources.

• True

• False

Start-up money is critical to a business

• True

• False