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5 Written questions

5 Matching questions

  1. business
  2. demand
  3. ESOP
  4. small business
  5. gross domestic product (GDP)
  1. a an organization that produces or distributes a good or service for profit
  2. b permits employees to directly own the company in which they work by allowing them to buy shares in it
  3. c the total market value of all goods produced and services provided in a country in a year
  4. d refers to the number of similar products that will be bought at a given time and price
  5. e any business that is operated by one or a few individuals

5 Multiple choice questions

  1. intangible products that result from a high degree of labor input and that satisfy consumer needs
  2. an employee who is given funds and freedom to create a special unit or department within a company in order to develop a new product, process, or service
  3. when an organization makes the right decisions in deciding what products or services to offer customers or other users
  4. firms engaged in marketing, in finance, and in furnishing services
  5. businesses that provide assistance to satisfy specialized needs through skilled workers

5 True/False questions

  1. manufacturing firmsbusinesses that provide assistance to satisfy specialized needs through skilled workers

          

  2. global competitioninvolves making a product or providing a service

          

  3. franchisethe distributor of a franchised product or service

          

  4. mass productionwhen up-to-date equipment and assembly line mehtods are used to produce large quantities of identical goods

          

  5. financedeals with all money matters related to running a business

          

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