Business quiz

business is

• organization that produces or distributes a good or service for profit

• firms engaged in marketing, finance and furnishing services

• products made by firms in the U.S.

• number of similar products that will be bought at a given time at a given price

commercial businesses are

• products made by firms in the U.S.

• organization that produces or distributes a good or service for profit

• firms engaged in marketing, finance and furnishing services

• number of similar products that will be bought at a given time at a given price

demand is

• products made by firms in the U.S.

• number of similar products that will be bought at a given time at a given price

• organization that produces or distributes a good or service for profit

• firms engaged in marketing, finance and furnishing services

domestic goods are

• products made by firms in the U.S.

• number of similar products that will be bought at a given time at a given price

• organization that produces or distributes a good or service for profit

• firms engaged in marketing, finance and furnishing services

downsizing is

• cutting back on the goods and services provided and thereby shrinking the size of a firm and the number of employees

• making the right decisions about what products or services to offer customers and the best ways to produce and deliver them

• letting workers decide how to perform their work tasks and offer ideas on how to improve the work process

• producing products/services quickly, at low cost, without wasting time and materials

effectiveness is

• cutting back on the goods and services provided and thereby shrinking the size of a firm and the number of employees

• making the right decisions about what products or services to offer customers and the best ways to produce and deliver them

• letting workers decide how to perform their work tasks and offer ideas on how to improve the work process

• producing products/services quickly, at low cost, without wasting time and materials

efficiency is

• cutting back on the goods and services provided and thereby shrinking the size of a firm and the number of employees

• making the right decisions about what products or services to offer customers and the best ways to produce and deliver them

• letting workers decide how to perform their work tasks and offer ideas on how to improve the work process

• producing products/services quickly, at low cost, without wasting time and materials

empowerment is

• cutting back on the goods and services provided and thereby shrinking the size of a firm and the number of employees

• making the right decisions about what products or services to offer customers and the best ways to produce and deliver them

• letting workers decide how to perform their work tasks and offer ideas on how to improve the work process

• producing products/services quickly, at low cost, without wasting time and materials

entrepreneurs are

• a legal agreement between a company and a distributor to sell a product or service under special conditions

• business activity that deals with all money matters related to running a business

• a person who starts, manages, and owns a business

• products made by firms in other countries

finances is

• a legal agreement between a company and a distributor to sell a product or service under special conditions

• business activity that deals with all money matters related to running a business

• a person who starts, manages, and owns a business

• products made by firms in other countries