Business Essentials Unit 2 Review

A producer is someone who

• sells products.

• is very creative.

• makes things.

• employs others.

A socially responsible business will attempt to give customers

• lower quality products at reduced prices.

• high-quality products at high prices.

• the best products at the best prices.

• the best products no matter what they cost.

A business that produces a product should be socially responsible to the __________ of the product.

• endorsers

• providers

• users

• producers

               Farms, mines, and lumber companies are examples of

• builders.

• manufacturers.

• trade industries.

• raw-goods producers.

Social responsibility should be part of the objectives of __________ businesses.

• all

• nonprofit

• government

• specialized

  The two main divisions of the trade industry are

• producers and retailers.

• manufacturers and wholesalers.

•                wholesalers and retailers.

• wholesalers and producers.

Businesses can show their social responsibility by contributing to

• pollution.

• public interests.

• private causes.

• promotion.

  Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a

• trade industry.

• service business.

• raw-goods producer.

• builder.

  A company that transforms cotton into wearable clothing is considered a

• raw-goods producer.

• manufacturer.

• service business.

• builder.

Determine whether the following statement is true or false: Trade industries all have the same form of ownership.

• True; they all belong to a chain.

• True; they are all independently owned.

• False; they may be corporations or partnerships.

• False; they may be independent or belong to a chain.