Entrepreneurship 1 Unit 4 Test

The path or route that products take from producer to consumer.

• Product Flow

• Routing

• Distribution Channel

• Dispatching

How products get from producers to consumers.

• Retailers

• Supply Chain

• Inventory Management

• Operations

Operating cost is also called ______________.

• Overhead Cost

• Cost-based Pricing

• Breakeven

• Channels

What is the creation of goods and services from economic resources.

• Operations

• Entrepreneurship

• Marketing

• Production

Who are intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers?

• Agencies

• Wholesalers

• Distributors

• Middlemen

The form that a business fills out to order goods.

• Purchase Order

• Tax Form

• Google Form

• Breakeven Report

How many participants are in every supply chain?

• two

• four

• six

• eight

What is Economies of Scales

• revenue minus the cost of goods sold

• producing more to spread out fixed cost

• when total expenses is equal to total sales

• gross profits

Resources that come from the Earth.

• Labor-Intensive Resources

• Natural Resources

• Human Resources

Cost that don't increase or decrease with changes in Production.

• Fixed Cost

• Price-based Cost

• Variable Csost

• Cost-based