Chapter 3 Review Flashcards

1

Small businesses employ about ________ of all private-sector employees.

2

Which of the following is NOT a form of competition?

3

The purpose of patent law is to:

4

A sudden drop in the average consumer income would be an example of which environmental force?

5

In marketing, the form of competition that occurs when only one firm sells the product is referred to as:

6

Profit responsibility, societal responsibility, and stakeholder responsibility are three concepts of:

7

All of these are economic indicators except which?

8

The post-millennial generation that includes consumers born between 1997 and 2010 is known as:

Chapter 3 Review