5.2 Business Opportunities

scheduling employees would be a finance/accounting activity

Paper Products USA is a business that supplies Walmart with their school supplies. Paper Products USA is a wholesaler.

Games R' Us obtains electronics from Sony and sells them directly to consumers. Gamer R' Us is a retailer.

A wholesaler is a business that sell products directly to consumers

The process of creating, growing, manufacturing, or improving on goods and services.

A business that operates in more than one country

Which is not one of the three categories of management tasks?

Which is not one of the ways a business can be categorized?

A business that only operates in its home country

A retailer buys goods from manufacturers or wholesalers and then sells them to individual consumers

The process of achieving company goals by effective use of resources through planning, organizing, and controlling.

The function of business that involves money management and keeping track of company's financial situation.

Which would be a production/procurement activity for a local sporting goods store?

preparing a monthly budget or balance sheet would be a finance/accounting activity

Which is not a management task?

A group of establishments primarily engaged in producing or providing the same product or service

Government financed agencies like the FBI and IRS fall into this category

Group that functions like a business but uses any profit to fund a charitable cause

Placing ads in the media would be a marketing activity

Businesses not associated with the government and run by ordinary citizens fall into this category