EOC unit 2 part 2 review

Retailing takes place whenever goods are

• sold to the ultimate consumer

• Offered for sale

• exchanged for other goods

• sold in a retail estblishment

Which of the following statement about wholesale trade business is true:

• They operate only from mail-order warehouses

• They operate only from distrubition centers

• They operate in areas convenient to ultimate consumers

• They operate from a variety of business premises

What do service business sell?

• Retail merchandice

• Intangible activities

• Raw goods

• Wholesale merchandise

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating

• e-tailing

• Social responsibility

• Wholesaling

• Voluntary chains

One way in which a business can show it social responsibility is by ____its profits

• reducing

• controlling

• maximizing

• dividing

Businesses can show their social responsibility by contributing to

• private causes

• promotion

• public interests

• pollution

A socially responsible business will attempt to give customers

• lower quality products at reduced prices

• high-quality products at high prices

• the best products no matter what they cost

• the best products at the best prices

Social responsibility should be part of the objectives of _____businesses.

• all

• nonprofit

• government

• specialized

A business that produces a product should be socially responsible to the ______of the product.

• endoursers

• providers

• producers

• users

The connection between the social responsibility of a business and the community in which the business operates is that the business's social responsibility ________the community.

• targets the area outside

• has an effect on

• depends upon

• targets only