Cooperative business

Business that creates goods and services

• producer

• retailer

• intermediary

• wholesaler

What factor of production involves the management and planning of the other three factors?

• Enterprise

• Capital

• Labor

• Land

All charities are considered non-profit organizations.

• True

• False

To remember why people may start a business, use the acronym:

• GET RICH

• GET CASH

• GET RICH QUICK

• CASH OUT

An organization that generates revenue -

• producer

• for-profit business

• nonprofit business

• retailer

Share of ownership in a corporation

• stock

• dividend

• board of directors

• liability

Which of the following is an example of a customer?

• A boyfriend purchases an engagement ring for his girlfriend

• A girlfriend who receives the engagement ring bought by her boyfriend

• Unable to determine based on information given

• None of the above

Business Owned by its own Entity-Considered to be its own "PERSON"

• Sole Proprietor

• Partnership

• Corporation

• Cooperative

• Limited Liability Company (LLC)

What is the goal of a business plan?

• To obtain specialists

• To obtain funding

• To obtain employees

• To obtain free advertising

This Business deals with selling good directly to the consumer

• Retail

• Service

• Trade

• Wholesaling