PBMF Ch 4 Review

An organization that generates revenue is known as _.

• a not-for-profit organization

• a for-profit organization

• revolutionary

• purple

An organization that exists to serve some public purpose (without the goal of generating revenue) is known as _.

• a not-for-profit organization

• a for-profit organization

• revolutionary

• green

Which of these is NOT one of the 3 major types of businesses in the private sector.

• a not-for-profit organization

• producers

• intermediaries

• service businesses

_ are businesses that create goods and services

• producers

• intermediaries

• service businesses

_ are people and businesses that sell the goods and services from producers to consumers.

• producers

• intermediaries

• service businesses

_ earn a profit by providing consumers with services that meet their needs and wants.

• producers

• intermediaries

• service businesses

_ and manufacturers are examples of producers.

• extractors

• wholesalers

• retailers

• intermediaries

_ and retailers are examples of intermediary businesses.

• extractors

• wholesalers

• retailers

• intermediaries

_ are producer businesses that use supplies from other producers to make products.

• extractors

• manufacturers

• retailers

• wholesalers

_ are producer businesses that take natural resources from the land.

• extractors

• manufacturers

• retailers

• wholesalers