Business Essentials 2.01/2.02

A producer is some one who

• sells products

• is very creative

• make things

• employs other

Farms, mines, and lumber companies are examples of

• builders

• manufacturers

• trade industries

• raw good producers

A company that transforms cotton into wearable clothing is considered a

• raw goods producer

• manufacturer

• service business

• builder

Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?

• A builder

• A raw goos producer

• A manufacturer

• A trade industry

Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a

• trade industry

• service business

• raw goods producer

• builder

The two main divisions of the trade industry are

• producers and retailers

• manufacturers and wholesalers

• wholesalers and retailers

• wholesalers and producers

Determine whether the following statement is true or fales: Trade industries all have the same form of ownership.

• True; they all belong to a chain

• True, they are all independently owned

• fale; they may be corporations or partnershipss

• False; they may be independent or belong to a chain

Which of the following describes the services offered by trade industries:

• They are always limited

• They vary from day to day

• They are always full line

• They may be limitied or full time

Business in trade industries that offer discount prices usually offer

• fulll services

• limited services

• plush interiors

• elaborate fixtures

Retailing takes place whenever goods are

• offered for sale

• exchanged for other goods

• sold to the ultimate consumer

• sold in a retail establishment