NEW
Font size
WorksheetsIntro to Business
Total questions: 11
Worksheet time: 6mins
The term used for all activities involved in developing and exchanging products.
product
good
business
service
A ____________ is anything that can be bought and sold.
consumer
profit
utility
product
The difference between a good and a service is _________.
A good is an action that can be performed where a service is a physical item that can be touched.
A good is a physical item that can be touched where a service is an action that is performed.
There is no difference between the two.
A good is something bought often where a service is rarely purchased.
A ___________ is an individual or group who buys products.
customer
consumer
business
product
Customers who purchase goods and services for their own use are known as _____________.
customers
consumers
products
businesses
_______ is a set of rules that define what is wrong and right.
reputation
business
ethics
initiative
A ________ describes the characteristics of a product that satisfy wants and needs.
product
service
good
utility
A smartphone designed to be ergonomic and compatible with popular apps is an example of the ________ utility.
place
information
form
possession
An example of ______ utility is when malls make a wide variety of stores available in one convenient location.
place
form
time
information
Banks offering early morning teller services to meet the needs of businesses that are open in the morning is an example of ________ utility.
possession
place
time
information
What is the best example of possession utility?
Controllers for the PS5 have been made compatible with other gaming consoles.
Due to the increased demand, the Sub Shop will open up an hour earlier.
The local pharmacy offers drive thru services and quick product access.
The car manufacturer has digital versions of troubleshooting guides that are accessible anytime on their websites.
