Intro to Business, Chapter 5

A business firm that does things for you instead of making or marketing products is called:

Building a specific and unique product to meet the needs of one customer is:

(T/F) it was projected for 2010 that Less than 3/4 people would work in a service industry.

A __________ takes the Extractor's products and changes them into a form the consumers can use.

(T/F) marketers also help to identify, develop, and test new products.

The services of many businesses are often needed before goods actually reach consumers is:

A business that grows products or takes raw materials from nature is:

With ___________, a large number of identical products are assembled.

Which isn't a form of manufacturing?

(T/F) Extractors and manufacturers are industries that change resources to usable products.

Which is NOT a reason businesses should keep records?

According to the book, there are ____ activities businesses partake in.

_________ changes the form of materials so they can be consumed or used to make other products.

(T/F) Marketers package and store goods until needed, while making them attractive to consumers