Intro to Business Final Exam Review

an organization that produces and distributes goods and services.

• Market

• Consumer

• Business

Items sold by a business that you can see or touch

• Goods

• Services

• Consumers

 Activities provided by a business that cannot be touched. 

• Goods

• Services

• Consumers

Things that are necessary for survival are

• Goods

• Wants

• Needs

Things that we would like to have, but are not necessary for survival are

• Goods

• Wants

• Needs

Businesses call people that use goods and services every _____

• Consumers

• Profits

• Wants

A type of business that makes money from donations by people.

• Online business

• Non-profit Organization

• Market

A construction worker is an example of which factor of production?

• Land

• Labor

• Capital

• Entrepreneurship

A tree is an example of which factor of production?

• Land

• Labor

• Capital

• Entrepreneurship

A tractor is an example of which factor of production?

• Land

• Labor

• Capital

• Entrepreneurship