Business Connections Quiz

1. A producer is someone who

• 1. makes things.

• 1. sells products.

• 1. is very creative.

• 1. employs others.

1. A company that transforms cotton into wearable clothing is considered a

• 1. builder.

• 1. service business.

• 1. manufacturer.

• 1. raw-goods producer.

1. The two main divisions of the trade industry are

   Multiple choice

• 1. manufacturers and wholesalers.

• 1. wholesalers and producers.

• 1. wholesalers and retailers.

• 1. producers and retailers.

1. Which of the following describes the services offered by trade industries:

• 1. They may be limited or full line.

• 1. They are always limited.

• 1. They vary from day to day.

• 1. They are always full line.

1. Retailing takes place whenever goods are

• 1. exchanged for other goods.

• 1. sold in a retail establishment.

• 1. sold to the ultimate consumer.

• 1. offered for sale.

1. One way in which a business can show its social responsibility is by __________ its profits.

• 1. dividing

• 1. maximizing

• 1. reducing

• 1. controlling

1. Social responsibility should be part of the objectives of __________ businesses.

• 1. specialized

• 1. government

• 1. nonprofit

• 1. all

1. Businesses in trade industries that offer discount prices usually offer

• 1. limited services.

• 1. full services.

• 1. plush interiors.

• 1. elaborate fixtures.

1. Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?

• 1. A manufacturer

• 1. A trade industry

• 1. A builder

• 1. A raw-goods producer

1. What do service businesses sell?

• 1. Retail merchandise

• 1. Intangible activities

• 1. Raw goods

• 1. Wholesale merchandise