Unit 5: Principles of Business and Finance

Which is a problem associated with communist command economies?

Why would a U.S. company decide to offer its products in other countries?

The desire for which item(s) would be considered a NONECONOMIC want?

Which group of words best describes wants?

The usefulness of a product to consumers is referred to as product:

A small company decides to stock a new product. Which activity should be used to inform customers about the new product?

Which is a natural resource that can be renewed through people's efforts?

Kim invests in a marketing campaign to stimulate sales for her company. What type of management process is this?

Which is an external factor that affects market price?

In a private enterprise economic system, the interaction of supply and demand primarily determines:

Which is an example of ethical business behavior?

A country whose government provides citizens with free medical care, education, and other benefits.

What can customers present at the time of purchase to get money taken off the purchase price of an item?

Which is a reason that natural resources are considered limited?

The government can BORROW money from the private sector in order to pay the costs of regulation by:

A business that begins selling Christmas decorations in September is creating what type of utility?

The formula that is generally used to measure productivity is:

For a business, income remaining after payment of expenses is:

Which situation would cause prices to rise?

Which occurs when the supply of individuals who are able and willing to work diminishes?

Which factor has aided the most in creating a global business environment?

A killing frost destroys 80% of Florida's citrus crop. This will most likely create:

Which represents a NATURAL risk for the owner of a delivery service?

The basic role of the United States government is to...

A major characteristic of a market economy is which type of ownership of property?