Home Library Explore SAT

Home Library Explore SAT

Unit 1 Business Basics Flashcards | StudBud

Explore/Unit 1 Business Basics

Tangible things that people can purchase are

Marketing is the function of business that includes

Unit 1 Business Basics

10 terms·StudBud Administration·28 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Marketing is the function of business that includes
Manufacturing & Operations
Finance & Accounting
Hiring & Employee Benefits
Advertising & Sales
2
Tangible things that people can purchase are
Wants
Goods
Services
Needs
3
Jobs drive demand, demand drives supply, supply drives ...?
Innovation
Immigration
Service
Economy
4
The service sector is the largest sector of the economy.
True
False
5
Expenses-Revenue = Profit
True
False
6
What are the 4 types of business?
Small, Medium, Large
Multinational, International, Global
Local, National, Non-profit, Multinational,
Multinational, National, Regional, Local
7
Things that are essential for survival are
Goods
Wants
Needs
Services
8
What is the main goal of a business?
Make money for their founders.
To offer products customers want/need to earn a profit.
Build goods to improve the human condition.
To provide services people care about.
9
Production is the function of business that includes
Advertising & Sales
Manufacturing & Operations
Finance & Accounting
Hiring & Employee Benefits
10
Non-profits exist to
Invest in services that support communities
Raise funds to market ideas
Do things businesses won't do
Make people feel good