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EC-070 Business Conn

QuestionAnswer
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
Created by: debragails1
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