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WorksheetsB.E. Chapter 4: Private Enterprise
Total questions: 15
Worksheet time: 8mins
Businesses who sell products to other businesses are part of:
B2C market
B2B market
an industry
government market
Businesses that use raw materials to create goods are called:
extractors
tertiary
manufacturers
wholesalers
Businesses that extract natural resources for use in the creation of goods are called:
extractors
tertiary
manufacturers
wholesalers
Which of the following is not a sector?
secondary
primary
intermediate
tertiary
Which of the following is not a type of a retailer?
online store
supermarket
industry
department store
Define private enterprise
A sector of the economy that included companies who deal with the extraction and production of raw materials and natural resources
A business or industry that is managed by independent companies or private individuals rather than by the state.
A business that supplies a good or service
A business that purchases a vast amount of goods from manufacturers to sell them to other businesses
Define wholesaler:
A business or industry that is managed by independent companies or private individuals rather than by the state.
A business owned fully or in part by the government
A business that buys products from wholesalers then increases the price of the goods to resell them.
A business that purchases a vast amount of goods from manufacturers to sell them to other businesses
Define tertiary sector:
A sector of the economy that included companies who deal with the extraction and production of raw materials and natural resources.
A category of business that utilizes materials produced from the primary sector to create goods.
A category of business that provide services to the economy, rather than goods as the primary and secondary sectors do
A business that purchases a cast amount of goods from manufacturers to sell them to other businesses
Define distribution channel:
A term for a specific group of companies who have common business activities
The path a good must follow in order to reach a consumer
A standard used by the Federal statistical agencies in classifying business establishments.
A category of business that utilizes materials produced from the primary sector to create goods.
What type of distribution channel uses intermediaries to resell the product to the consumer?
Direct Channel
Indirect Channel
Specialty Channel
Sports Channel
Which is NOT an "intermediary" in a distribution channel?
Wholesaler
Retailer
Importers
Producers
Which is NOT a "specialty distribution channel"?
Vending machine
Internet (e-commerce)
Wal-Mart
Television sales (Home Shopping Network)
A restaurant uses a _______________ distribution channel.
indirect
direct
specialty
What is the role of wholesalers in a private enterprise system?
to sell products they have purchased from a
manufacturer directly to consumers
to purchase goods from a manufacturer to
resell them to a retailer
to provide services to the economy
they extract natural resources.
Which is NOT a characteristic of the private enterprise system?
Companies are owned by citizens rather than the government.
Businesses can earn and keep the money they make from their operations.
a business organization is wholly or partly owned by the state and controlled through a public authority
Businesses react to supply and demand.
