PoBMF 1st Semester Exam (Chapters 1-10)

Flashcard
•
Business
•
8th - 12th Grade
•
Hard
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50 questions
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1.
FLASHCARD QUESTION
Front
_____ is the term for all activities involved in developing and exchanging products.
Back
Business
2.
FLASHCARD QUESTION
Front
The customer of a service business is often called a _____.
Back
Client
3.
FLASHCARD QUESTION
Front
Anything that is bought or sold is called a(n)_____
Back
Product
4.
FLASHCARD QUESTION
Front
Customers who purchase goods and services for their own use are called _____Groups
Back
Consumer
5.
FLASHCARD QUESTION
Front
_____ utility is added when a business changes the form of a good or service to make it more useful.
Back
Form
6.
FLASHCARD QUESTION
Front
A _____ is anywhere buyers and sellers meet to buy and sell goods and services.
Back
Market
7.
FLASHCARD QUESTION
Front
The difference between the income earned and the expenses incurred by a business during a specific period of time is called _____.
Back
Profit
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