Business Vocabulary
Authored by Ashley Taylor
Social Studies
7th Grade
Used 6+ times
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29 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
a person who starts and manages a business venture
revenue
entrepreneur
consumer
branding
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
things that are required for survival, such as food, water, and shelter
wants
goods
needs
income
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
things that people desire but are not necessary for survival, such as toys, electronics, and vacations
wants
supply
needs
goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
tangible items that people can touch, see, and purchase, such as, clothing, books, and furniture
needs
service
wants
goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
intangible activities that people can purchase, such as haircuts, education, and healthcare
consumer
services
goods
producer
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
a person who purchases good and services
producer
services
consumer
investments
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
a person or business that creates and sells goods and services
consumer
business
entrepreneur
producer
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