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Questions and Answers
Which of the following best describes a business?
Which of the following best describes a business?
- An activity that seeks to provide goods and services to others while operating at a profit. (correct)
- An activity that seeks to provide goods and services to others without any profit motive.
- An activity that seeks to provide goods and services to others while operating at a loss.
- An activity that seeks to provide goods and services to others without any financial considerations.
What are goods in the context of business?
What are goods in the context of business?
- Tangible products such as computers, food, clothing, cars, and appliances. (correct)
- Services provided by businesses.
- Consumer wants and needs.
- Intangible products such as education, health care, insurance, recreation, and travel and tourism.
What are services in the context of business?
What are services in the context of business?
- Intangible products such as education, health care, insurance, recreation, and travel and tourism. (correct)
- Tangible products such as computers, food, clothing, cars, and appliances.
- Goods provided by businesses.
- Consumer wants and needs.
How can businesses reach consumers?
How can businesses reach consumers?
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What is one result of successfully filling a market need?
What is one result of successfully filling a market need?
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Success in business is based on constantly adapting to the ______
Success in business is based on constantly adapting to the ______
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A business is any activity that seeks to provide goods and services to others while operating at a ______
A business is any activity that seeks to provide goods and services to others while operating at a ______
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To earn that profit, you provide desired goods, jobs, and services to people in the ______
To earn that profit, you provide desired goods, jobs, and services to people in the ______
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Goods are tangible products such as computers, food, clothing, cars, and ______
Goods are tangible products such as computers, food, clothing, cars, and ______
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Services are intangible products (products that can't be held in your hand) such as education, health care, insurance, recreation, and travel and ______
Services are intangible products (products that can't be held in your hand) such as education, health care, insurance, recreation, and travel and ______
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