Explain the word "Surplus"?

An amount of something left over when requirements have been met

What best describes the term "Societal"?

Relating to society or social relations

What is a supply chain?

A network that involves delivering a product to the consumer

What are blood diamonds?

Diamonds mined in a war zone and sold to finance an insurgency

What influences a consumers decision to buy a product?

All the Red, Blue and Yellow answers

What are the 4P's of Marketing?

Place, Price, Product, Promotion

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Producers and Consumers - Part Two

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Questions 20

Answers

1
Explain the word "Surplus"?
Outdated military equipment or clothing
A limitation of production or supply
less than what is needed or used
An amount of something left over when requirements have been met
2
What best describes the term "Societal"?
Buying products
Parliment buildings
Relating to society or social relations
Different organisations around the world
3
What is a supply chain?
A network that involves delivering a product to the consumer
The handling of the production flow of a good and service
A chain that supplies
A supply with chains
4
Where does wood come from?
Trees
Sawmill
Furniture Store
Carpenter
5
What is made from ground up wheat seeds?
Pasta
Bread
Tomatoes
Flour
6
What are blood diamonds?
Diamonds mined in a war zone and sold to finance an insurgency
Diamonds made of blood
Diamonds that are red in colour
There is no such thing
7
The word entrepreneur comes from what language?
Spanish
German
French
English
8
The struggle among producers for the dollars of consumers
competition
incentive
self-interest
profit
9
Butter is produced when...
In a jar or bucket
A machine makes it
A cow delivers milk
You churn milk or cream
10
Where does wool come from?
Wool processor
A factory
Clothing Store
Sheep
11
Supply and Demand are key concepts in the study of?
Prices and Choices
Economics
Excess and Demands
Investment
12
Fruit and vegetables are produced....
Seasonally
Only when the sun is out
Whenever they are grown
All year round
13
What is term refers "to using and eating locally produced food that's fresh, sustainable, and as close to its nature"?
Producing food
Supply chains
Comsumption of food
Paddock to Plate
14
What influences a consumers decision to buy a product?
All the Red, Blue and Yellow answers
Personal factors, family, and culture
Environmental and marketing factors
Situation and psychological reasons
15
Who is a person who sets up a business or businesses, taking on financial risks in the hope of profit?
A Risker Taker
All 3 answers
A person that is commercially driven
Entrepreneur
16
What does justified in terms of profitability mean?
Societal
Retail
Economic
Import
17
What are the 4P's of Marketing?
Place, Price, Product, Promotion
Proof, Play, Paper, Placement
Pineapples, Potatoes, Pumpkins, Passionfruit
People. Places, Performance, Professional
18
Producers and consumers drive the economy of a-
market economic system
mixed economic system
traditional economic system
command economic system
19
What word best describes "the state of being connected with each other"?
Economic
Retailer
Interconnectedness
Manufacturer
20
In the marketplace, producers are looking to-
earn a profit
find the latest fad
buy goods for personal use
find incentives

Producers and Consumers - Part Two Flashcards | StudBud