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EC-070 Business Conn
Question | Answer |
---|---|
A producer is someone who | makes things |
Farms, mines, and lumber companies are examples of | raw-goods producers |
A company that transforms cotton into wearable clothing is considered a | manufacturer |
Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for? | A builder |
Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a | trade industry |
The two main divisions of the trade industry are | wholesalers and retailers |
A socially responsible business will attempt to give customers | the best products at the best prices. |
Which of the following describes the services offered by trade industries: | They may be limited or full line |
Businesses in trade industries that offer discount prices usually offer | limited services |
Retailing takes place whenever goods are | sold to the ultimate consumer |
What do service businesses sell | Intangible activities |
A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating | social responsibility |
One way in which a business can show its social responsibility is by __________ its profits. | maximizing |
Businesses can show their social responsibility by contributing to | public interests |
Social responsibility should be part of the objectives of __________ businesses. | all |
A business that produces a product should be socially responsible to the __________ of the product. | users |
The connection between the social responsibility of a business and the community in which the business operates is that the business’s social responsibility __________ the community. | has an effect on |
One way in which many businesses demonstrate their social responsibility toward employees is by providing them with | a safe, secure working environment |
If a business is not concerned about social responsibility,it is likely to | be a failure |
Service businesses that use goods to perform their services usually do not transfer _________ those goods to customers | ownership of |