WorksheetsWhat is a Business?
Total questions: 10
Worksheet time: 4mins
A Business is a (a) -making organization involved in the process of using inputs to produce goods and/ services.
Which skill is highly needed when you have to make a specific decision?
Communication
Critical thinking
Inputs are the resources that a business uses in the production process, such as: .................
Taxes
Raw material
Services
Labor
The word "product" is ONLY used to describe outputs of production which are (tangible) physical ?
True
False
Intangible products Such as: lawyers are called.............
Goods
Services
Liabilities
Public transportation is an example of ...............
Goods
Services
A distributor that sells fabrics to clothing manufacturers is considered...........
B2B
B2C
A clothing manufacturer who sells apparel and accessories to individuals is considered..........
B2B
B2C
Which of the following is an example of a B2C transaction?
A retailer selling clothes to customers
A wholesaler supplying products to a store
A business creates a customer by creating products that meet the needs and wants of customers.
True
False
