B. E. Vocab Quiz Unit 2 (2.01-2.02)

What is a business called that operates out of a physical facility instead of online?

• E-tailer

• Manufacturer

• Brick and mortar

• Service business

Answer explanation

A business that operates out of a physical facility is referred to as a 'brick and mortar' business. This term contrasts with online businesses, such as e-tailers, which operate primarily on the internet.

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DOK Level 2: Skill/Concept

Who are the people that use goods and services to satisfy their wants?

• Producers

• Consumers

• Retailers

• Manufacturers

Answer explanation

Consumers are the individuals who use goods and services to satisfy their wants. Unlike producers, who create goods, or retailers and manufacturers, who sell or produce them, consumers directly utilize these products.

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DOK Level 2: Skill/Concept

What type of producer constructs roads, bridges, and buildings?

• Retailers

• Builders

• Service businesses

• Wholesalers

Answer explanation

Builders are the type of producers that construct infrastructure such as roads, bridges, and buildings, making them the correct choice for this question.

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DOK Level 2: Skill/Concept

Which business operates solely online?

• Brick and mortar

• Manufacturer

• E-tailer

• Wholesaler

Answer explanation

An e-tailer operates solely online, selling products directly to consumers through a website. In contrast, brick and mortar businesses have physical locations, while manufacturers and wholesalers may also have physical operations.

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DOK Level 2: Skill/Concept

What type of producer changes the shape or form of materials to make them useful to consumers?

• Service business

• Retailer

• Manufacturer

• Raw-goods

Answer explanation

A manufacturer transforms raw materials into finished products, making them useful for consumers. This distinguishes them from service businesses and retailers, who do not alter the materials themselves.

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DOK Level 2: Skill/Concept

Which of the following is an example of a service business?

• A company that sells electronics

• A company that provides cleaning services

• A company that manufactures cars

• A company that wholesales food products

Answer explanation

A company that provides cleaning services is a service business, as it offers intangible services rather than physical products. The other options involve selling or manufacturing goods.

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DOK Level 2: Skill/Concept

What is the primary role of a wholesaler?

• To sell directly to consumers

• To produce raw materials

• To sell goods in large quantities to retailers

• To provide services

Answer explanation

The primary role of a wholesaler is to sell goods in large quantities to retailers, acting as an intermediary between manufacturers and retailers, which helps streamline distribution.

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DOK Level 2: Skill/Concept

Which type of business is most likely to have a physical storefront?

• E-tailer

• Brick and mortar

• Online service provider

• Virtual retailer

Answer explanation

A brick and mortar business has a physical storefront where customers can visit and shop in person, unlike e-tailers, online service providers, and virtual retailers, which operate primarily online.

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DOK Level 2: Skill/Concept

What is the main difference between a retailer and a wholesaler?

• Retailers sell in bulk, wholesalers sell individually

• Retailers sell directly to consumers, wholesalers sell to other businesses

• Retailers produce goods, wholesalers provide services

• Retailers operate online, wholesalers operate offline

Answer explanation

The main difference is that retailers sell directly to consumers, while wholesalers sell to other businesses. This distinction highlights the different roles each plays in the supply chain.

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DOK Level 2: Skill/Concept

Which of the following best describes a manufacturer?

• A business that sells products directly to consumers

• A business that provides services to other businesses

• A business that produces goods from raw materials

• A business that operates solely online

Answer explanation

A manufacturer is defined as a business that produces goods from raw materials. This distinguishes it from businesses that sell directly to consumers, provide services, or operate online.

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DOK Level 2: Skill/Concept