Business Types Quiz

A business that sells intangible products and often involves working directly with people to satisfy their specific needs.

• Service

• Wholesaling

• Retailing

• Manufacturing

A business that uses new raw materials (like wood, cloth, or metal) to create new or different products.

• Service

• Wholesaling

• Retailing

• Manufacturing

A general category of business that sells tangible products, buying them finished or almost finished from suppliers and reselling them.

• Service

• Wholesaling

• Retailing

• Manufacturing

A type of merchandising business that buys large quantities of goods from manufacturers and resells them to other businesses (like shops), not directly to individual consumers.

• Service

• Wholesaling

• Retailing

• Manufacturing

A type of merchandising business that purchases ready-made goods from wholesalers or suppliers for resale directly to individual customers at a profit.

• Service

• Wholesaling

• Retailing

• Manufacturing

Service providers typically enjoy working with people and satisfying their specific needs.

• True

• False

A merchandising business primarily sells services rather than tangible products.

• True

• False

Wholesalers are businesses that typically sell goods directly to individual consumers in small quantities.

• True

• False

Grocery stores, appliance stores, and clothing stores are examples of manufacturing businesses.

• True

• False

Manufacturers transform raw materials into new or different products.

• True

• False