EPP1 Business & Economy Online Class Practice

What does the word affordable mean?

• Expensive

• Reasonably priced

• Rare

• Difficult to find

What is a brand?

• A type of product

• A place to shop

• A company’s name or logo used to sell products

• A discount store

What is an employee?

• Someone who buys things

• Someone who works for a company

• Someone who owns a business

• Someone who sells products online

What does profit mean?

• The money a company loses

• The cost of a product

• The money made after paying expenses

• The amount borrowed

What does consumer mean?

• A store manager

• A company director

• A person who buys goods or services

• A person who makes products

What does shop around mean?

• To buy everything at one store

• To look at different shops before buying

• To sell products

• To close a store

What does cut down on mean?

• To increase spending

• To reduce the amount of something

• To buy more than usual

• To throw something away

What does set up a business mean?

• To work in a shop

• To buy a business

• To start a new business

• To sell a company

What does it mean if a shop runs out of something?

• It has too many items

• It has no more of that item left

• It is selling everything

• It is closing for the day

What does pay off mean?

• To take out a loan

• To save money

• To finish paying a debt

• To spend carelessly