Business in Society
What do service businesses sell
intangible goods and services
A characteristic of human wants
unlimited
Using a stream to supply water for crops is an example of using
Natural resources
Country that the first Starbucks opened outside of North America?
What is Japan?
A type of economy where the government owns the basic means of production, but with some ownership of business.
What is socialism?
This takes place whenever goods or services are sold to the ultimate customer
retailing?
Sugar and flour that are purchased to make baked goods are classified as
Materials
When a stove is used in a restaurant kitchen, it is a
Capital good
the tiny piece at the end of a shoelace.
Deciding to stay home and study, instead of going to a baseball game.
What is a trade-off?
the number one way in which a business can show its social responsibility is by
maximizing profits?
A car manufacturer receives a shipment of bolts that are going to be used in the production of automobiles. What type of industrial product would the bolts be
parts
When there is not enough of a resource available for everyone to have as much of it as desired,
the resource is
Limited
Singer who is know as Rihanna
Who is Robin Fenty?
When there is an abundance of goods remaining after meeting the demand.
What is surplus?
Farms, mines, and lumber companies are examples
raw-goods producers?
how a business’s computers be classified.
equipment
Offering higher wages, employee assistance programs, and benefits are responses to limited
Human resources
The number of hearts an octopus has?
What is 3?
What producers typically do when prices increase.
What is increase supply?
A company that transforms cotton into wearable clothing
Manufacturer
Cash register tapes and shipping forms used by a business would be classified as
Supplies
Which of the following economic resources helps people be more productive
Capital goods
the deepest part in all of the world's oceans
What is The Mariana Trench (the bottom is about 35,876 feet deep)
What are prices?