WorksheetsTrovon's POP CH.5.1 Study Guide
Total questions: 15
Worksheet time: 8mins
Most U.S. businesses are
small
large
mainly consumers
quite large
The most important role of businesses is to
sell the fastest they can
sell as much cars as possible
make or distribute products
be better than their competitors
Employee ____ are used to purchase personal goods and services
bank accounts
wages
tax revenue
income
The idea of money flowing from businesses to households and government and back again is known as the _______.
capital
research and development
tax revenue
circular flow of income model
Why do businesses need capital?
profits
to operate
train employees
buy goods and services
Many businesses have ____ departments that work to discover new product or service ideas.
research and development
borrowing
retailer
manufacturers
The activities and processes for creating, communicating, and delivering the goods and services wanted by a business’s
customers is known as ____.
out-buying competitors
selling goods
marketing
producing resources
_____________ get supplies from other producers and convert them into products
manufactures
intermediaries
direct consumption
consumers
______________ are businesses involved in selling the goods and services of producers to consumers and other businesses
consumers
intermediaries
manufacturers
producers
____ create the products and services used by individuals and other businesses.
manufacturers
extractors
consumers
producers
Business activities start with producers
true
false
A consumer sells activities that are consumed by its customers.
true
false
capital is the amount of money and things with monetary value that a business owns.
true
false
retailers buy large amounts of products to re-sell to customers.
true
false
extracting refers to the activities and processes for creating, communicating, and delivering the
goods and services wanted by a business’ customers.
true
false
