CH3 Business Basics (Marketing Dynamics)

Which of the following is not a type of utility that can be added by businesses?

In our economy, ____ serves three functions:medium of exchange,unit of value and store of value

Customers in the business market buy products for business purposes

The business market of businesses selling primarily to other businesses is called _____.

_____ is the primary goal of a for-profit corporation

Every country uses the same unit of value, or currency.

The main difference among the forms of business ownership is the amount of owner's liability

Money makes it easier to do business and exchange goods and services.

Businesses handle very little money.

Which of the following is not another term for business market?

Websites provide information utility by describing products and giving purchase options.

There are two types of markets based on the type of the buyer: the consumer and target market

Which of the following is not part of the finance function of business?

The main job of the marketing function of business is to add form utility.

_____ is enhancing a feature or service that inspires a customer to purchase

Utility means usefulness.

The terms customers and consumers always mean exactly the same thing

According to the US Census Bureau, over 70 percent of all businesses in the United States are

The term commercial refers to buying and selling on a very small scale

Accounting keeps track of all money that enters or leaves the business.

Well-know companies like Microsoft, Exxon Mobil and GE are called nonprofit corporations.