The process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.
What is marketing?
100
A business owned by only one person.
What is sole proprietorship?
100
Major advantage of owning a corporation.
What is limited liability?
100
A company that gathers materials in their original state from natural resources.
What is a producer?
100
During the life of a business, the way the business is organized can be changed.
What is true?
200
The process of creating, expanding, manufacturing, or improving goods and services.
What is production?
200
Company that is registered by a state and operates apart from its owners.
What is a corporation?
200
Disadvantage of having a sole proprietorship.
What is unlimited liability?
200
A business that moves goods from one business to another.
What is intermediary?
200
A business owned by ten people who share the risks and rewards of a business is a franchise?
What is false? (Partnership)
300
The function of business that involves maintaining and auditing records, sending out and paying bills, and preparing financial reports.
What is accounting?
300
Contractual agreement to use the name and sell the products or services in a designated geographic area.
What is a franchise?
300
How many times a sole proprietorship is taxed.
What is once?
300
A firm that buys large quantities of produce from many farms and then divides fruits and vegetables into smaller quantities and sells them to grocery stores.
What is a distributor?
300
The buying and reselling of goods that have already been produced is called sales.
What is true? (Procurement)
400
The function of business that involves money management.
What is finance?
400
Organization that is owned and operated by its members.
What is a cooperative?
400
A business owned by two or more people.
What is a partnership?
400
The buying and reselling of items.
What is procurement?
400
A processor changes raw materials into a more finished product.
What is true?
500
The process of achieving company goals by planning, organizing, directing, controlling, and evaluating the effective use of resources.
What is management?
500
A type of business that focuses on providing a service rather than making a profit.
What is a nonprofit organization?
500
Sole proprietorships account for how much businesses in the United States. (Percent)
What is 70 percent.
500
A business that turns raw materials into finished goods.
What is manufacturer?
500
A firm that turns corn into vegetable oil is called an agribusiness