POBM CH. 6.1 Types of Businesses

Is McDonald's a service business, goods-producing business, or industry?

• technology business

• construction business

• service business

• agriculture business

Answer explanation

McDonald's is a service business because it provides food and beverage services to customers.

What type of business is Amazon? Service, goods-producing, or industry?

• Service

• Retail

• Technology

• goods-producing

Answer explanation

Amazon is a goods-producing business because it produces and sells physical products.

Is Ford Motor Company a manufacturing business, retail business, or industry?

• agricultural business

• entertainment business

• manufacturing business

• technology business

Answer explanation

Ford Motor Company is a manufacturing business because it produces automobiles.

What category does Walmart fall under? Service business, goods-producing business, or industry?

• goods-producing business

• Non-profit organization

• Service business

• Technology company

Answer explanation

Walmart falls under the category of goods-producing business because it primarily deals with the production and sale of physical goods.

Is Google considered a service business, goods-producing business, or industry?

• technology business

• goods-producing business

• agricultural business

• service business

Answer explanation

Google is considered a service business because it provides technology services rather than producing goods or being in the agricultural industry.

What type of business is Apple Inc.? Service, goods-producing, or industry?

• Technology

• Service

• Retail

• Goods-producing

Answer explanation

Apple Inc. is a goods-producing business as it manufactures and produces technology products.

Is Nike a manufacturing business, retail business, or industry?

• retail business

• food industry

• technology business

• manufacturing business

Answer explanation

Nike is a retail business because it sells its products directly to consumers through its own stores and online platforms.

What category does Starbucks belong to? Service business, goods-producing business, or industry?

• Manufacturing business

• Service business

• Fast food restaurant

• Technology company

Answer explanation

Starbucks belongs to the service business category because it provides services, such as coffee and food, to customers.

Is General Electric a service business, goods-producing business, or industry?

• goods-producing business

• Financial business

• Agricultural business

• Technology business

Answer explanation

General Electric is a goods-producing business because it manufactures and produces various products.

What type of business is Coca-Cola? Service, goods-producing, or industry?

• Agriculture

• Service

• goods-producing

• Technology

Answer explanation

Coca-Cola is a goods-producing business, as it produces and sells beverages.