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5 Written Questions

5 Matching Questions

  1. domestic goods
  2. global competition
  3. ESOP
  4. industrial businesses
  5. intrapreneur
  1. a the ability of profit-making organizations to compete with other businesses in other countries
  2. b firms that produce goods that are often used by other businesses or organizations to make things
  3. c 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
  4. d products made by firms in the United States
  5. e permits employees to directly own the company in which they work by allowing them to buy shares in it

5 Multiple Choice Questions

  1. the distributor of a franchised product or service
  2. firms engaged in marketing, in finance, and in furnishing services
  3. businesses that produce goods
  4. any business that is operated by one or a few individuals
  5. the total market value of all goods produced and services provided in a country in a year

5 True/False Questions

  1. foreign goodsproducts made by firms in the United States


  2. service firmsintangible products that result from a high degree of labor input and that satisfy consumer needs


  3. demandrefers to the number of similar products that will be bought at a given time and price


  4. entrepreneura person who starts, manages, and owns a business


  5. effectivenesswhen an organization produces needed goods or services quickly at a low cost


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