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Unit 1- Intro. to Business- Bus. Innov. Flashcards | StudBud
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Unit 1- Intro. to Business- Bus. Innov.
Unit 1- Intro. to Business- Bus. Innov.
16 terms
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StudBud Administration
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Business Innovations Unit 1 Review
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
_________ uses components, parts or raw materials to make a finished good.
service
manufacturing
not for profit
merchandising
2
________ deals with lots of legal and environmental regulations.
cooperative
not for profit
manufacturing
merchandising
3
What percentage of people reach the top of the pyramid?
4
2
3
1
4
This is an example of a ________ business.
non profit
service
manufacturing
corporation
5
Limited liability partnership is available to _________
educators
corporations
anyone
professionals- e.g. lawyers
6
What is the third level in Maslow's hierarchy?
self esteem
safety
love and belonginess
biological and physiological
7
The biggest benefit to buying a franchise is ______
quick to acquire
brand recognition
easy to do
less money
8
This is an example of what type of service?
hospitality
recreational
financial
personal
9
In the Clodhoppers video, what was Chris and Larry's biggest expense (just before their first Walmart rush)?
Extra salary costs
Extra shipping costs
Extra production costs
Extra marketing advertising
10
Which word is associated with non profit companies?
accountability
profitability
management
influence
11
Non profits build the public's _______ by upholding ethical standards and practices.
knowledge
love
confidence
praise
12
This is an example of which type of business form?
service
not for profit
merchandise
manufacturing
13
________ is the most expensive type of business to set up.
merchandising
corporation
co operative
franchise
14
______ are products you can see and touch. ________ are products that are usually a service.
tangible, intangible
services, intangible
services, goods
intangible, tangible
15
There has been a business shift in society towards increasing revenues.
False
True
16
_________ is the least common form of business.
cooperative
partnership
non profit
single proprietorship