
Quiz 2, Principles of Business, Marketing, and Finance
Quiz by Billie Holmes Pettit
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What term refers to the substances used in the first stage of production on which producers are dependent?
June owns a business that buys products in bulk and distributes them to other businesses, which would make her a:
Goods move along a route from _____ to consumer.
What is one of the advantages of a rich and complex private enterprise system?
On the 2018 list where Forbes ranked the best countries for business, the United States was 12th, having moved up from 23rd in 2017 thanks to improvements in what areas?
What term means excessive processes, bureaucracy, or rules?
Of the US states that charge sales tax, which has the lowest state-wide rate at 2.9 percent?
Amazon helped create the expectation that online orders would arrive in a day or two that, as a result, reinvigorated the struggling:
Products either go to wholesalers, distributors, or retailers after they leave where?
If you pick up any item in your household, it probably passed through a long line of businesses to get to your door, and that is where the people and industries that create and distribute actual products come in--what are these industries and people referred to as?
What term refers to a type of producer that involves businesses that remove natural resources from the land and include businesses like mining, logging, and oil?
In 2018, Forbes ranked the best countries for business based on facotrs including property rights, innovations, taxes, technology, corruption, and several other factors--what country topped this list at the number one spot?
What do some producers and extractors sell to other producers and extractors so they can be successful at extracting resources
When goods go straight from the place that they are manufactured to the public this is called:
What term refers to all the stops on the path a product takes from large farms, ranches, mines, and other sites where raw materials are extracted, to manufacturers, wholesalers or distributors, your local store, and then into your kitchen, garage, or closet?