Intro to Business Chapter 6

Ocean spray is an example of a cooperative. 

• True
• False

What type of organization focuses on providing a service, but not to make a profit?

• non profit 
• franchise
• cooperative
• corporation

A firm that turns corn into vegetable oil is called a(n) __________

• agribusiness
• manufacturer
• intermediary
• processor

A processor changes raw materials into a __________ product.

• consumer
• natural
• more finished
• wholesale

Processed goods are turned into finished products by a _________.

• fabricator
• manufacturer
• finisher
• processor

A business that moves goods from one business to another is called a(n)

• distributor
• transporter
• intermediary
• wholesaler

The buying and selling of goods that have already been produced is called _________.

• distribution
• procurement
• marketing
• production

The process of achieving company goals by planning, organizing, directing, controlling, and evaluating the effective use of resources is called _______.

• administration
• management
• leadership
• supervision

Maintaining and checking records, handling bills, and preparing financial reports for a business is called __________.

• accounting
• finance
• auditing
• management

__________ is the process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.

• marketing
• management
• accounting
• finance