Business/Marketing Essentials Chapter 1

An investment is using money to create wealth over time

I am going to nail my first test in Marketing Essentials!

An organized way in which a state distributes its resources and provides goods and services to the community is called:

Understanding economic & business concepts can help us make better choices for our finances & well-being

Labor is:

Which is NOT an economic resource?

the moral and social responsibility of businesses to demonstrate ethical behavior in their policies and decision-making

People who purchase goods and services are called:

the aspect of making, selling or providing products in exchange for money

Anything a business does to generate a profit

the level of wealth, material goods, & necessities considered to be essential to an individual/group in a specific area.

The financial gain calculated by the difference between amount earned and amount spent by a business

Which is an example of an operational business activity:

Which of the following is an economic want?