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Questions and Answers
What is an example of a consumable item?
What is an example of a consumable item?
- Television
- Laptop
- Refrigerator
- Rice (correct)
If a retailer buys goods from a wholesaler for resale, is the retailer considered a consumer?
If a retailer buys goods from a wholesaler for resale, is the retailer considered a consumer?
- Only if the goods are durable items
- Depends on the quantity of goods purchased
- No (correct)
- Yes
What distinguishes durable consumer goods from consumable items?
What distinguishes durable consumer goods from consumable items?
- Packaging and presentation
- Purchase frequency
- Cost and brand
- Durability and intended use (correct)
What is the act of being an entrepreneur?
What is the act of being an entrepreneur?
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Who can be termed as 'entrepreneurs'?
Who can be termed as 'entrepreneurs'?
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What distinguishes entrepreneurs from other self-employed individuals?
What distinguishes entrepreneurs from other self-employed individuals?
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What is the primary role of entrepreneurs?
What is the primary role of entrepreneurs?
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What does entrepreneurship involve?
What does entrepreneurship involve?
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