2.00-2.05 Quiz

__________: the duty of business to contribute to the well-being of society.

All businesses should be socially responsible to ________.

• users

• producers

• endorsers

Retailing occurs wherever goods are sold to consumers of the ultimate customer.

• True

• False

Monte works for a grocery store that buys food from producers and then sells it to customers. This grocery store is an example of a:

• trade industry.

• builder.

• service business.

Use the drop-down menu to choose the best answer. A business that buys goods or services and sells them to the ultimate consumer is a .

• producer

• retailer

• manufacturer

The two main divisions of the trade industry are:

• wholesalers and retailers

• manufacturers and wholesalers

• employees and customers

A business that buys goods or services and sells them to the ultimate consumer is a:

• manufacturer.

• producer.

• retailer.

• wholesaler.

What do service businesses sell?

• raw goods and services

• retail goods and services

• intangible goods and services

• wholesale goods and services

A large retailer wants to contribute to the well-being of society. It donates 10% of its proceeds to a charity that helps the environment. The retailer is demonstrating:

• e-tailing.

• wholesaling.

• social responsibility.

• voluntary merchandise.

The two main divisions of the trade industry are:

• producers and retailers.

• wholesalers and retailers.

• wholesalers and producers.

• manufacturers and wholesalers.