Intro to Business - Unit 1 Review - FIB

What is it called when businesses have a duty to do what is best for the good of society?

What is the amount of goods and services that consumers are willing to buy at various prices?

What government agency enforces rules that protect the environment and control pollution?

What is the process of recognizing a business opportunity, testing it, and starting a business?

What government agency protects consumers from dangerous and falsely advertised products?

Where do buyers and sellers meet to exchange goods and services for money?

What is the rise and fall of economic activity over time?

What do companies thrive on that is a contest between businesses to win customers?

What are the wants that are widely shared by many people?

What is it called when a market and command economy are combined?

What is the money left over after a business has paid the cost of providing goods and services?

What are the things used to produce goods and services?