Steve wants to use his fitness expertise to help people reach their fitness goals. Which type of business would Steve need to establish?

Which of the following is an example of a non-profit organization?

High purchase fees are a disadvantage of a franchise.

Which of the following is defined as a business which is owned and operated by one individual?

Which of the following is NOT a type of business ownership?

Denise wants to own a business which already has name recognition. Which type of business ownership would Denise need to establish?

A __________ operates as a separate legal entity.

The organizational structure of a business creates rules and identifies authority.

__________ structures are laid-back and undefined.

Which of the following is an example of an operative employee?

Which of the following is the principle in which an employee should have only one supervisor to whom they are responsible?

Which of the following is NOT a detail to consider when selecting a design structure for a business?

Which of the following utilizes all resources to make sure the business runs smoothly to meet goals?

Distribution is delivering produced goods and services in the most efficient and cost-effective way.

Supply and demand are __________ related.

Which type of economic system allows full freedom to make decisions about employment, expenditures, savings and capital?

Diego lives in a country where his career is determined by the careers of his ancestors. Which of the following economic systems does Diego’s country practice?

The place where the supply curve intersects the demand curve is known as equilibrium.

__________ allows for the private ownership and management of businesses and resources.

Which of the following is an incentive for businesses to produce goods and services consumers are willing to purchase?

Charlie lives in a country where he can own his own business and assume all risks of the business. Which of the following does Charlie’s country practice?

Which of the following describes the number of goods producers are able and willing to sell at various prices during a specific period?

“To what degree is competition allowed” is one basic question to ask when distinguishing between economic systems.

A private enterprise system permits which of the following to make economic decisions?

Which of the following types of economic systems includes features of a market economy and a centrally planned economy?

Which of the following is described as the theories, principles and models which deal with the production, distribution and consumption of goods and services?

Demand is the amount of a product a consumer is willing and able to purchase at given prices.

Economic systems have no influence on political systems and global politics.

The private enterprise system motivates businesses to succeed by promoting competition.

Which of the following is the process of creating, communicating, delivering and exchanging goods and services which hold value for consumers?

Which of the following uses TV and radio commercials as a marketing strategy?

__________ is the process of increasing the number of visitors to a company’s website by making the website more visible to search engines.

Which of the following distributes goods in bulk to retailers who then sell the items individually?

Warehouse clubs offer an assortment of goods and services at low prices and fixed quantities.

Which of the following is the collection and analysis of data about consumers, competition and the environment of a particular target market?

Which refers to a specific group of customers a company aims to capture?

Select all of the following which are the goals and objectives of a marketing strategy.

Wholesalers cannot be suppliers or distributors.

Path a product takes from production to consumption

Third-party acting as a middleman between connecting people and things

__________ includes the utilization of content writing, infographics, podcasts and video marketing.

The economic impact of retailers depends on the product being sold, demand, location and the medium in which it is distributed.

Marketing strategies help producers identify their goals, recognize the target audience and develop ways to communicate with them.

Which of the following is a method of buying and selling goods and services using the internet?

__________ is a business practice which requires organizations to participate in initiatives which benefit society.

Which of the following represents the flow of goods and services through varying means of transportation within a single country?

Select all the following choices which are disadvantages of world trade.

Which of the following are the two major processes which facilitate world trade?

Quotas occur when trade is banned between two or more countries usually for political reasons.

__________ are any regulation which restricts international trade.

Which role is China facilitating if they send clothing materials to the United Kingdom for sale?

Select from the following which are impacts of imports on the U.S. economy.

Imports are products bought from businesses in other countries.

Which of the following countries is the largest goods and services importer in the world?

__________ is the exposure to factors which can lower a business’s profits or lead to failure.

__________ are used to punish and deter the behavior of opposition countries without resorting to military force.

Which of the following is defined as a business structure which protects owners from personal responsibility for the debts and liabilities of the business?

Taxes are required monies paid to the government to fund government spending.

__________ are organizations formed to represent workers and prevent unfair labor practices.