Types of Businesses Quiz

Which of the following is NOT a service business?

• Repair shop

• School

• Bank

• Clothing factory

What is another name for retail or merchandising businesses?

• "Make and sell" businesses

• "Buy and sell" businesses

• "Trade and barter" businesses

• "Produce and distribute" businesses

Which of the following is NOT typically considered a merchandising business?

• Convenience store

• Distributor

• Bakery

• Reseller

What transformation occurs in a manufacturing business?

• Transformation of the products purchased

• Transformation of the business model

• Transformation of the customer base

• Transformation of the marketing strategy

Which of the following is NOT directly involved in the production line of a manufacturing company?

• Sales

• Machinery

• Assembly workers

• Quality control

Who owns most of the provincial electric utilities?

• They are private companies

• They are Crown corporations

• They are international organizations

• They are non-profit organizations

Which of the following is a characteristic of Crown corporations?

• They are owned by private individuals

• They are owned by the government but structured as a business

• They operate internationally

• They are non-profit organizations

Who is the party that receives the rights in a franchise agreement?

• The franchiser

• The franchisee

• The supplier

• The investor

What is a primary function of a merchandising business?

• Manufacturing goods

• Providing services

• Buying and selling products

• Conducting research

Which of the following is NOT a typical characteristic of a service business?

• Intangible offerings

• Direct customer interaction

• Physical product inventory

• Customization of services