Farms, mines, and lumber companies are examples of

A company that transforms cotton into wearable clothing is considered a

Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?

Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a

The two main divisions of the trade industry are

Determine whether the following statement is true or fales: Trade industries all have the same form of ownership.

Which of the following describes the services offered by trade industries:

Business in trade industries that offer discount prices usually offer

Retailing takes place whenever goods are

What do service businesses sell?

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating

One way in which a business can show its social responsibility is by ____ its profits.

Business can show their social responsibility by contributing to

A socially responsible business will attempt to give customers

Socially responsibility should be part of the objectives of_____businesses.

A business that produces a product should be socially responsible to the____of the product.

The connection between the social responsibility of a business and the community in which the business operates is that the business social responsibility_____the community

One way in which many businesses demonstrate their social responsiblity toward employees is by providing them with

Marcy is ready to buy a new computer, and she has saved up enough money to buy the model she wants. This is an example of

The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is

A team of employees is responsible for researching potential demand for a business’s brand-new product. The factor that is most likely to affect demand for this product is the

Which of the following is a factor affecting a product’s utility to the individual customer:

Which of the following determines whether consumers can purchase goods or services:

The price of complementary products has an effect on

For 20 years, Don owned a small grocery store. When several big box stores that sell groceries at discounted prices moved into the area, Don’s sales declined, and he had to close his business. Which of the factors that affect supply affected Don’s business?

A characteristic of human wants is that they are

Which of the following is an example of an economic want:

An example of a noneconomic want would be the desire for

Which of the following is an industrial good:

Susan is willing to pay a high price for the brand of china that she wants for her home. This china would be classified as a(n) __________ product.

How would a business’s computers be classified?

A car manufacturer receives a shipment of bolts that are going to be used in the production of automobiles. What type of industrial product would the bolts be?

Which is the most important resource?

The benefit that is lost when you decide to use scarce resources for one purpose rather than for another is____________.

_______________ is the economic principle which states that the supply of a good or service will increase when demand is great and decrease when demand is low.

______________ is the point at which the quantity supplied equals the quantity demanded.

An example of an unsought good is_________

An economic "vote" is cast each time a person_______

A student purchased a laptop to use for homework assignments. In economic terms, this computer would be classified as a(n) _______ good.

Each day, a restaurant sends its used linens to a laundry service to be cleaned and pressed. In economic terms, the laundry service would be classified as a(n) ______ service.

Which is a way that Human Resources can become limited?

What is NOT one of the 3 basic economic questions?

A buyer's market is characterized by

A seller's market is characterized by

The market price is

Which is NOT a factor in determining how much you are willing to pay for a product?