Font size
WorksheetsChapter 4 Review: Private Enterprise
Total questions: 16
Worksheet time: 29mins
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
wholesalers
manufacturers
Businesses that extract natural resources for use in the creation of goods are called:
manufacturers
tertiary
wholesalers
extractors
Which of the following is not a sector?
secondary
primary
intermediate
tertiary
TRUE or FALSE:
Public enterprise business is owned fully or in part by the government and includes tax-funded (military, police, public education) which exist to serve a public purpose and encourage economic development.
True
False
Explain the role of wholesalers in a private enterprise system.
free enterprise system that purchases goods from a manufacturer to resell them to a retailer
free enterprise system that purchases goods from other wholesalers to resell them to a retailer
free enterprise system that purchases goods from a manufacturer to resell them directly to the customer
free enterprise system that sales goods from a manufacturer to resell them to a retailer
What is the distribution channel? (a)
TRUE or FALSE:
Public enterprises are business or industry managed by independent companies or private individuals. These type of businesses are independently owned by a citizen or citizens, investments are determined by private decision while prices, production, and distribution of goods determined by competition.
True
False
What factors affect a business?
Industry
Profits
Revenue
Expenses
Capitalism
TRUE or FALSE:
Secondary sectors utilize materials produced from the primary sector to create goods and include manufacturers, intermediaries, wholesalers, and retailers.
TRUE
FALSE
Select all the options that could affect potential revenue for businesses.
Businesses spend money on paying workers
Purchasing capital
repairing equipment
Paying taxes
unemployment rate
What type of business sells directly to consumers?
Business to consumer
Business to business
Government Market
Who does a government market sell to?
Consumers
Businesses
Government
_____________________ is another way to categorize produces in a free enterprise system. This is where specific groups of companies have common business activities.
Industry
Consumer
Wholesaler
Tertiary Sector
Which is NOT an "intermediary" in a distribution channel?
Wholesaler
Retailer
Importers
Producers
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.
