PoBMF - Ch 4 Business in the Free Enterprise Test

A business that buys large quantities of products directly from producers and sells products in smaller quantities to retailers is called a(n)

• cooperative

• business market

• wholesaler

• proprietorship

Answer explanation

Widget - An unnamed or hypothetical manufactured article

An association of two or more persons who co-own a business with the objective of earning a profit is called a(n)

• cooperative

• proprietorship

• producer

• partnership

Answer explanation

Eight Famous Business Partnerships and Their Stories

https://brandongaille.com/8-famous-business-partners-and-their-stories/

A_________________________ is a market that consists of customers who buy products for use in a business.

• Not-for-Profit Organization

• Business Market

• Cooperative

• Wholesaler

Answer explanation

Business marketing is also called B2B marketing

A business that is owned and operated by those using its services

• Cooperative

• Partnership

• Business Market

• Retailer

Answer explanation

An organization that generates revenue -

• producer

• for-profit business

• nonprofit business

• retailer

Business that creates goods and services

• producer

• retailer

• intermediary

• wholesaler

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

Business that is owned and often operated by a single individual

• partnership

• corporation

• limited liability corporation

• proprietorship

Share of ownership in a corporation

• stock

• dividend

• board of directors

• liability

Portion of a corporation's earnings distributed to stockholders

• proprietorship

• dividend

• stock

• business market