BE 2.01-2.02 Quizziz Review

What do service business 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 profits to a charity that helps the environment. The retailer is demonstrating

• e-tailing

• social responsibility

• wholesaling

• voluntary merchandise

A business that buys goods and services and sales them to the ultimate consumer is a

• manufacturer

• retailer

• producer

• wholesaler

The two main divisions of the trade industry are

• producers and retailers

• wholesales and producers

• retailers and wholesalers

• manufacturers and wholesalers

Retailing occurs whenever goods are

• researched and designed

• created or manufactured

• traded or exchanged for other goods

• sold to consumers or the ultimate customer

Monty works for a grocery store that buys food from producers and sells it to customers. The grocery store is an example of a

• builder

• trade industry

• raw goods producer

• service business

All business should be socially responsible to whom?

• endorsers

• producers

• providers

• users

A form of demand for products in which changes in price correspond to changes in demand is

• consumer

• elastic

• equilibrium

• inelastic

Economic resources that help people be more productive are

• human resources

• natural resources

• capital goods resources

• nonrenewable resources

A characteristic of a seller's market is

• lower profits

• smaller demand

• larger supply

• higher prices