WorksheetsG08 - BIZ Q1 Reviewer
Total questions: 30
Worksheet time: 15mins
__________ is the desire, willingness, and ability to buy a good or service.
Supply
Market Interest
Needs
Demand
_______________ "Necessary wants;" like food, shelter, clothing.
Goods
Needs
Desires
Wants
The _____________ changes because of the supply and demand.
Costing
Price
Market
Value
_________ is a person who selects, purchases, uses, or disposes of goods or services.
Buyer
Consumer
Consumption
Consume
__________ amount of money left over after a business has paid for the cost of producing its goods and services.
Revenue
Profit
Profitable
Business
Total quantity customers are willing and able to purchase.
Demand
Limited
Supply
Market
__________ are tasks that people or machines perform, things you can't see or touch.
Needs
Product
Goods
Service
______ is any activity that seeks profit by providing goods or services to others.
Corporation
Franchise
Business
Enterprise
The quantity supplied is the number of units that sellers want to sell over a specified period of time at a particular price.
Inventory
Supply
Limited
Demand
This part of a letter includes the writer's complete address and the current date.
Inside Address
Header
Salutation
Return Address
__________ refers to the goods and services offered by the organization.
Product
Service
Offerings
Needs
_________ are items that are normally (but not always) tangible such as clothing, toys, apple, furniture, pens, etc.
Needs
Commodities
Goods
Wants
This type of letter of intent indicates a prospective buyer's interest in purchasing a property.
Family court letter of intent
Commercial lease letter of intent
Real estate letter of intent
Government grant letter of intent
__________ refers to the various quantities of a good or service that producers are willing to sell at all possible market prices.
Stock
Limited
Supply
Demand
It is a document that states an initial commitment between two parties and details the basic terms and provisions of their proposed transaction.
Memorandum of Understanding
Letter of Intent
Letter of Agreement
Letter of Application
One of the purposes of a letter of intent is to often include provisions like an NDA, which requires both sides to keep the details of the deal confidential.
To announce a deal
To protect both sides of a deal
To confirm and outline the terms of a deal
To finalize a contract
_______________ are activities provided by other people such as haircut provided by barbers, waiters serving food, doctors performing health checks, etc.
Needs
Goods
Service
Labor
The details on a letter of intent are presented in _______.
Bulleted Point
Enumerated information
Structured Outline
Letter Format
_______________ are the things you "wish" you could have.
Goods
Needs
Resources
Wants
_______________ the contest between businesses to win customers.
Rivalry
Consumption
Competition
Contest
This part of a letter includes the writer's complete address and the current date.
Inside Address
Return Address
Header
Salutation
__________ amount of money left over after a business has paid for the cost of producing its goods and services.
Revenue
Profit
Business
Profitable
The __________ changes because of the supply and demand.
Value
Price
Market
Costing
_________ is any activity that seeks profit by providing goods or services to others.
Franchise
Corporation
Enterprise
Business
_______________ are activities provided by other people such as a haircut by barbers, waiters serving food, or doctors performing health checks.
Goods
Service
Labor
Needs
_______________ "Necessary wants;" like food, shelter, clothing.
Goods
Desires
Needs
Wants
Total quantity customers are willing and able to purchase.
Market
Supply
Limited
Demand
__________ refers to the goods and services offered by the organization.
Needs
Offerings
Product
Service
__________ refers to the various quantities of a good or service that producers are willing to sell at all possible market prices.
Stock
Limited
Demand
Supply
One of the purposes of a letter of intent is to often include provisions like an NDA, which requires both sides to keep the details of the deal confidential.
To finalize a contract
To confirm and outline the terms of a deal
To protect both sides of a deal
To announce a deal
