POB Chapter 5.1

The largest number of U.S. businesses employ

Many businesses have ____ departments that work to discover new product or service ideas.

What makes a service business different from other types of businesses?

Businesses that take resources from nature for direct consumption or for use in developing other products are producers

____ create the products and services used by individuals and other businesses.

Business activities start with services

Business activities start with producers

A retailer is an example of a(n) producer

The idea of money flowing from businesses to households and government and back again is known as the _______.

____ get supplies from other producers and convert them into products.

T or F: The majority of businesses in the U.S. employ 20-99 employees.

Which of the following is not one of the common activities of all businesses?

What are 3 examples of service businesses?

Where do businesses get the capital they need to start and run a business?

___ is the amount of money and things with monetary value that a business owns.