Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will...
-
Upload
ambrose-flowers -
Category
Documents
-
view
224 -
download
0
Transcript of Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will...
![Page 1: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/1.jpg)
Chapter 13 ReviewBusiness 7
![Page 2: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/2.jpg)
Term DefinitionTerm Definition You will have a section of term
matching. You will need to match each definition with the correct term listed below.
![Page 3: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/3.jpg)
Term DefinitionTerm Definition What is the study of how people produce,
distribute and use goods and services?
![Page 4: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/4.jpg)
Term DefinitionTerm Definition What is the study of how people produce,
distribute and use goods and services?
Economics
![Page 5: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/5.jpg)
Term DefinitionTerm Definition What is the amount of money a business
has after it pays its expenses?
![Page 6: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/6.jpg)
Term DefinitionTerm Definition What is the amount of money a business
has after it pays its expenses?
Profit
![Page 7: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/7.jpg)
Term DefinitionTerm Definition What is the delivering and selling goods and
services?
![Page 8: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/8.jpg)
Term DefinitionTerm Definition What is the delivering and selling goods and
services?
Distributing
![Page 9: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/9.jpg)
Term DefinitionTerm Definition What is the process of letting consumers
know about goods and services?
![Page 10: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/10.jpg)
Term DefinitionTerm Definition What is the process of letting consumers
know about goods and services?
Marketing
![Page 11: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/11.jpg)
Term DefinitionTerm Definition Someone who organizes and runs a
business is an?
![Page 12: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/12.jpg)
Term DefinitionTerm Definition Someone who organizes and runs a
business is an?
Entrepreneur
![Page 13: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/13.jpg)
Term DefinitionTerm Definition The amount of a good or service available
for sale is?
![Page 14: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/14.jpg)
Term DefinitionTerm Definition The amount of a good or service available
for sale is?
Supply
![Page 15: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/15.jpg)
Term DefinitionTerm Definition The creating of goods or services is?
![Page 16: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/16.jpg)
Term DefinitionTerm Definition The creating of goods or services is?
Producing
![Page 17: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/17.jpg)
Term DefinitionTerm Definition A country’s way of making choices about
how to use its resources to produce and distribute goods and services is?
![Page 18: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/18.jpg)
Term DefinitionTerm Definition A country’s way of making choices about
how to use its resources to produce and distribute goods and services is?
Economic System
![Page 19: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/19.jpg)
Term DefinitionTerm Definition A person who buys and uses goods and/or
services for their own personal use is a?
![Page 20: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/20.jpg)
Term DefinitionTerm Definition A person who buys and uses goods and/or
services for their own personal use is a?
Consumer
![Page 21: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/21.jpg)
Term DefinitionTerm Definition The amount of a good or service people
want to buy is called?
![Page 22: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/22.jpg)
Term DefinitionTerm Definition The amount of a good or service people
want to buy is called?
Demand
![Page 23: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/23.jpg)
Term DefinitionTerm Definition To look ahead and plan for future needs is
to?
![Page 24: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/24.jpg)
Term DefinitionTerm Definition To look ahead and plan for future needs is
to?
Foresee
![Page 25: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/25.jpg)
Term DefinitionTerm Definition The value of the next best alternative when
making a buying decision is the?
![Page 26: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/26.jpg)
Term DefinitionTerm Definition The value of the next best alternative when
making a buying decision is the?
Opportunity Cost
![Page 27: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/27.jpg)
Misc QuestionsMisc Questions If the supply of a product is higher than the
demand, the price will __________.
![Page 28: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/28.jpg)
Misc QuestionsMisc Questions If the supply of a product is higher than the
demand, the price will __________.
Go Down
![Page 29: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/29.jpg)
Misc QuestionsMisc Questions The United States’ free enterprise economic
system is also known as __________.
![Page 30: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/30.jpg)
Misc QuestionsMisc Questions The United States’ free enterprise economic
system is also known as __________.
Capitalism
![Page 31: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/31.jpg)
Misc QuestionsMisc Questions A business __________ is the document that
identifies the goods or services a business will offer, outlines the business’s goals, and gives a timetable for meeting those goals.
![Page 32: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/32.jpg)
Misc QuestionsMisc Questions A business __________ is the document that
identifies the goods or services a business will offer, outlines the business’s goals, and gives a timetable for meeting those goals.
Plan
![Page 33: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/33.jpg)
Misc QuestionsMisc Questions Gina owns a bakery and is the head baker.
Her customers know that her products are excellent, and her employees appreciate her respect for their opinions and needs. As an entrepreneur, which quality does Gina clearly exhibit?
![Page 34: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/34.jpg)
Misc QuestionsMisc Questions Gina owns a bakery and is the head baker.
Her customers know that her products are excellent, and her employees appreciate her respect for their opinions and needs. As an entrepreneur, which quality does Gina clearly exhibit?
Human Relations
![Page 35: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/35.jpg)
Misc QuestionsMisc Questions In a free enterprise system, who sets
minimum standards for workplace safety and product quality?
![Page 36: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/36.jpg)
Misc QuestionsMisc Questions In a free enterprise system, who sets
minimum standards for workplace safety and product quality?
Government
![Page 37: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/37.jpg)
Misc QuestionsMisc Questions The businesses that sell rugs – Rugs R Us
and We’ve Got You Covered – open stores within 1 mile of one another. Because of the competition between the stores, what will probably happen to rug prices?
![Page 38: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/38.jpg)
Misc QuestionsMisc Questions The businesses that sell rugs – Rugs R Us
and We’ve Got You Covered – open stores within 1 mile of one another. Because of the competition between the stores, what will probably happen to rug prices?
Go Down
![Page 39: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/39.jpg)
Misc QuestionsMisc Questions If the demand for a product is higher than
the supply, the price will __________.
![Page 40: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/40.jpg)
Misc QuestionsMisc Questions If the demand for a product is higher than
the supply, the price will __________.
Go Up
![Page 41: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/41.jpg)
Misc QuestionsMisc Questions According to the textbook, what is the main
goal of a producer?
![Page 42: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/42.jpg)
Misc QuestionsMisc Questions According to the textbook, what is the main
goal of a producer?
To Make a Profit
![Page 43: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/43.jpg)
Misc QuestionsMisc Questions What do nearly 66% (2 out of 3) of all new
businesses face in their first four years?
![Page 44: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/44.jpg)
Misc QuestionsMisc Questions What do nearly 66% (2 out of 3) of all new
businesses face in their first four years?
Failure
![Page 45: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/45.jpg)
Misc QuestionsMisc Questions What is the main purpose of a non-profit
organization?
![Page 46: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/46.jpg)
Misc QuestionsMisc Questions What is the main purpose of a non-profit
organization?
To Help the Community
![Page 47: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/47.jpg)
Misc QuestionsMisc Questions What percentage of U.S. workers work for
small businesses?
![Page 48: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/48.jpg)
Misc QuestionsMisc Questions What percentage of U.S. workers work for
small businesses?
95%
![Page 49: Chapter 13 Review Business 7. Term Definition You will have a section of term matching. You will need to match each definition with the correct term listed.](https://reader035.fdocuments.net/reader035/viewer/2022062217/56649ec55503460f94bcfcad/html5/thumbnails/49.jpg)
ListsLists You will need to be able to list the following:
Examples of a Good Examples of a Service Factors that Cause Prices to Go Up and Down 4 P’s of Marketing Advantages of Owning Your Own Business Disadvantages of Owning Your Own Business