Obj. 5.03 New POB

Question 1

Which business activity should theowner use to inform potential customers about the new product

Accepted Answer

marketing

Question 2

What do service businesses sell?

Accepted Answer

Intangilbe Activities

Question 3

A U.S. company would decide to offer its products in other countries as a reason to:

Accepted Answer

expand to new, untapped markets.

Question 4

Trevor’s department store just received the latest style of jeans is an example of which factor

Accepted Answer

Social Factor

Question 5

The two main divisions of the trade industry are:

Accepted Answer

wholesalers and retailers

Question 6

The increase of production that creates a greater chance of pollution is an example of

Accepted Answer

Environmental Degradation

Question 7

Which is a factor that affects the business environment?

Accepted Answer

industry competition

Question 8

Which is an example of an economic factor that affects the business environment?

Accepted Answer

business cycle

Question 9

Which of the following items is found in all economic systems:

Accepted Answer

Participants

Question 10

One of the biggest barriers that separates countries/regions is

Accepted Answer

language

Question 11

Globalization can be an advantage for businesses because it

Accepted Answer

can help them to cut costs for certain resources.

Question 12

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

Accepted Answer

technology

Question 13

If a business is not concerned about social responsibility, it is likely to:

Accepted Answer

be a failure

Question 14

1. A business whose overall purpose is to earn a profit such as Wal Mart, Wendys, etc.

Accepted Answer

For-Profit Business

Question 15

One way in which Quintin’s business can show its social responsibility is by ______its profits.

Accepted Answer

maximizing

Question 16

Free exchange of ideas contributes to

Accepted Answer

greater business innovation

Question 17

Business ethics involve considering issues about what is:

Accepted Answer

right and wrong

Question 18

Dewi added new Microsoft software to his business operations is an example of which factor

Accepted Answer

Technological Factor

Question 19

A company that transforms cotton into wearable clothing is considered a

Accepted Answer

manufacturer.

Question 20

Which is an example of ethical business behavior?

Accepted Answer

testing products to ensure they are safe to use

Question 21

1. Business or organization conducts business for the benefit of the general public

Accepted Answer

Non-Profit Business

Question 22

Zaxbys is opening a new franchise across the street from Wings Etc is an example ofwhich factor

Accepted Answer

Competitive Factor

Question 23

Producing goods in foreign countries is

Accepted Answer

Offshoring

Question 24

Which affects the business environment because it provides the most options for consumers?

Accepted Answer

global competition

Question 25

Businesses that successfully adapt to current market situations often realize that:

Accepted Answer

change is an opportunity.

Question 26

Zoe must hire a translator to negotiate the deal for her new business is which external factor

Accepted Answer

Ethnic/Cultural Factor

Question 27

When a country loses talented employees to better opportunities overseas is called

Accepted Answer

Brain Drain

Question 28

Dewi added new Microsoft software to his business operations is an example of which factor

Accepted Answer

Technological Factor

Question 29

Social responsibility should be part of the objectives of __________ businesses.

Accepted Answer

All

Obj. 5.03 New POB

Questions 29

Obj. 5.03 New POB

Questions 29