Business IT Mid-Term Review

Labor is an unlimited resource.

Money a company has left over from sale of a commodity after all costs are paid is

Which of the following types of business does not require an attorney to set up?

Anti-trust laws or suits may be used to break up which of the following?

Picture of a famous singer placed alongside clothes designed for teenagers is an example of

Lowes running a sale on shovels during a snow storm , is using the concept of

Products that a seller sells in other countries are called

"Freebie" items are not free. The cost can include the labor and resources used to make them.

A small business can thrive, even in a bad economy.

A company should focus all its marketing efforts on what particular group of people?

Stores located at beach can charge more for sunscreen because of

This is a test question. What is the name of the game we are about to play?

Global business involves the buying and selling of products or services between countries.

By definition, a small business

Global business is ANY commercial transaction that crosses the border of two or more nations.

At what point in a product’s life cycle do companies typically expand their product mix?

All of the following are examples of content marketing EXCEPT:

A share of ownership in a company is known as which of the following?

Individuals have little effect on the overall health of the economy.

What are taxes that are levied on imports and/or exports?

What happens in one sector of the economy often affects other sectors of the economy.