Functions of Business

____________ is all the activities involved in producing and marketing goods and services

• business

• marketing

• production

• finance

•        What involves the exchange of goods and services between nations

• nation exchange

• international trade

• tariffing

•        Most countries need to get some of their goods and services from other countries which is called

• economic interdependence

• economic codependence

• economic dependence

Which is not one of the 4 functions of Business

• production

• marketing

• banking

• finance

• management

All the activities required to produce goods and services and get them to the market can be categorized into one of the four business functions.

• false

• true

What is the process that creates, manufactures, grows or improves a good or service.

• marketing

• management

• finance

• production

What is effectively using the company’s resources by planning, organizing and controlling them to achieve the company’s goals

• marketing

• management

• finance

• production

·       Assets that the company owns like property, manufacturing plants and buildings are known as

• land

• labor

• capital

·       People who work for the company are known as

• land

• labor

• capital

·       Money that the company has is known as

• land

• labor

• capital