Accounting Week 5 P3 Explore

What is the primary characteristic of a service business?

• A business that produces and sells its own products.

• A business that buys products from other businesses and resells them.

• A business that provides a service for a fee.

• A business that operates exclusively online.

Which of the following is an example of a merchandising business?

• An auto mechanic shop.

• A company that manufactures cars.

• A grocery store.

• A landscaping company.

What defines a manufacturing business?

• It offers intangible services to customers.

• It buys finished goods from suppliers and sells them to consumers.

• It produces and sells its own products.

• It focuses solely on online sales.

Amazon is presented as an example of a business that operates in which of the following categories?

• Service and Merchandising only.

• Merchandising and Manufacturing only.

• Service, Merchandising, and Manufacturing.

• Service only.