Business & The World

How many kinds of producers are there?

• 1

• 2

• 3

• 4

These producers provide goods in their natural or raw states

• Manufacturers

• Builders

• Raw Goods producers

Constructs roads, bridges, schools, hospitals, houses, office buildings.....

• Manufacturers

• Builders

• Raw goods producers

Changes the shapes or forms of materials so they are useful to consumers

• Manufacturers

• Raw goods producers

• Builders

Trade industries are businesses that buy and sell goods to others

• True

• False

Sells to the ultimate consumer

• Trade industries

• Retailers

• Wholesalers

Sells to other businesses

• Trade industries

• Retailers

• Wholesalers

Retailers and Wholesalers are 2 main divisions of the trade industry

• True

• False

A duty to contribute to the well-being of society

• Business as usual

• Social Responsibility

• Not a core responsibility of a business

One way a business can contribute to society's well-being is maximizing profits. How can a business do this?

• Offer quality products at competitive prices

• Meets the needs of consumers

• Minimize costs and expenses

• All of the above