Types of Businesses

What is the impact of raw-goods producers on other businesses?

• They are the foundation upon which all other businesses depend

• They compete directly with service businesses

• They only affect the agricultural sector

• They have no significant impact on other businesses

What type of businesses are responsible for moving goods from producers to consumers?

• Manufacturers

• Trade industries

• Builders

• Consumers

What is the primary role of manufacturers in the production process?

• To design marketing strategies for products.
• To change the forms of materials for consumer use

• To manage the supply chain logistics.
• To conduct market research and analysis.

What type of producer is responsible for constructing schools, hospitals, and office buildings?

• Raw Goods Producer

• Manufacturer

• Builders

• Wholeseller

What is the primary function of trade industries?

• To provide financial services to businesses

• To manufacture products

• To regulate international trade tariffs

• Moving goods from producers to consumers

Which of the following is an example of a retailer?

• A factory producing electronics

• A company selling bulk products to businesses

• A logistics company transporting goods

• Walmart

What makes a wholesaler different from retailers in the trade industry?

• Wholesalers sell directly to consumers

• Wholesalers focus on marketing

• Wholesalers sell to other businesses

• Wholesalers sell to ultimate

  consumers

True or False:

Some trade businesses employ thousands of workers and are recognized nationwide.

• True

• False

True or False:

Many trade industries offer a full line of services to their customers.

• True

• False

True or False:

Brick and motor stores are retailers that operate exclusively online.

• True

• False