Business Basics Review

Front

What is one of the main objectives of a business?

Back

Provide goods and services

Front

Why are businesses important to the economy?

Back

They provide goods and services

Front

What do you think business is?

Back

An organization or business entity engaged in commercial, industrial, or professional activities.

Front

Why do you think the company on the right is considered a successful business?

Back

They have strong brand recognition and customer loyalty

Front

What is the main goal of a business?

Back

To earn profit

Front

What do businesses provide to customers?

Back

Goods or services

Front

Why do enterprises exist?

Back

To solve problems and meet customer needs

Front

Why do businesses provide products or services?

Back

To meet people's needs

Front

What is one reason why a business earns a profit? Options: Reducing market share, Promoting growth and innovation, Eliminating competition, Reducing production

Back

Promoting growth and innovation

Front

In what way do businesses create employment opportunities?

Back

By providing income to households