Business that takes resources from nature to make its products or for direct consumption
What is extractors
100
List the three types of businesses
What is Producers, Intermediaries, Service Businesses
100
A business owned and operated by just one person
What is sole proprietorship
100
Three areas in Marketing Basics
What is Marketing Strategy, Marking Orientation, Marketing Channels
100
A written contract granting permission to a businessperson to sell someone else's products or service.
What is franchise
200
Business involved in selling the goods and services of producers to consumers and other businesses
What is Intermediaries
200
An example of these would be oil refineries, coal and copper mines, and lumber mills.
What is Extractors.
200
Plan, Organize, Staff, Lead, Control
What is how to Manage a successful Business
200
A group of individuals or business that has similar product needs
What is Target Market
200
Business that performs activities that are consumed by customers.
What is Service Business
300
Officers of a corporations, elected by shareholders, who have the responsibility for directing the business for the corporation.
What is Board of Directors
300
This type of business activities attract, employ and train employees.
What is Employ and Tran Personnel
300
Name the 3 common forms of business
What is Corporation, Partnership, Sole Proprietorship
300
The amount that is added to the cost of product or service
What is Markup
300
Business owned and managed by a small group - often not more than two or three people.
What is Partnership
400
Business owned and operated by one person
What is Sole Proprietorship
400
Financial resources are needed to purchase buildings and equipment, hire and train employees, obtain licenses, and obtain items needed for daily operations what is this referring to?
What is raising capital and the success of a business.
400
Disney world is an example of this
What is Target Market
400
The concept that businesses consider the needs of customers when developing products and services
What is Marketing Orientation
400
Business owned by a number of people and operated under written permission from the state that charters it
What is Corporation
500
Businesses that get supplies from other producers and converts them into its own products
What is Manufactures
500
Name the six business activities
What is Generate ideas, Raise Capital, Buy good and service, Employ and train personnel, Market Goods and Service, Maintain Business Records.
500
What are the two different channels of distribution
What is Direct and indirect distribution
500
Path that a product travels as it goes from producer to consumer
What is channel of distribution
500
The concept that businesses consider that needs of customers when developing products and service