Business and Society Quiz

What is the duty of business to contribute to the well-being of society?

• Trade industries

• Producer

• Social responsibility

• Retailer

Which type of business buys goods from producers and sells them to retailers?

• Wholesaler

• Service business

• Manufacturer

• Builder

What is the process or activity of producing goods and services called?

• Production

• Voluntary chain

• Chain stores

• Maximizing profits

Which type of producer changes the shape or form of materials so that they will be useful to consumers?

• Raw-goods producer

• Manufacturer

• Retailer

• Wholesaler

What is a relationship formed by a number of independent business owners who join together to buy merchandise to get the discount prices available to chain stores?

• Voluntary chain

• Chain stores

• Service business

• Trade industries

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

• social responsibility

• wholesaling

• retailing

• e-tailing

A socially responsible business will attempt to give customers

• lower quality products at reduced prices

• high-quality products at high prices

• the best products at the best prices

• the best products no matter what they cost

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

• endorsers

• providers

• users

• producers