Business Essentials Unit 2

A producer is someone who

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

The two main divisions of the trade industry are

One way in which many businesses demonstrate their social responsibility toward employees is by providing them with

One way in which a business can show its social responsibility is by __________ its profits.

What do service businesses sell?

Burger King and McDonald’s are examples of

An electronics store charges less for a new television than other electronics stores. The store is engaging in __________ competition.

If a consumer chooses to go to the movies rather than to a pizza parlor, then the movie theater and the pizza parlor are

What type of market structure is most commonly found in a private enterprise economy?