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Chapter 6 Vocab
Test Description: Chapter 6 Vocab
Instructions: Answer all questions to get your test result.
1) A business that moves goods from one business to another
A
wholesaler
B
intermediary
C
processor
D
cooperative
2) The business or art of money management.
A
Marketing
B
Procurement
C
Finance
D
Accounting
3) The owner is responsible for the company's debt.
A
limited liability
B
unlimited liaibility
4) Also known as distributors
A
Franchise
B
Wholesaler
C
Producer
D
Intermediary
5) The process of creating, expanding, manufacturing, or improving goods and services.
A
Marketing
B
Cooperative
C
Production
D
Processing
6) A type of business that focuses on providing a service, not on making a profit.
A
Franchise
B
Wholesaler
C
Cooperative
D
Nonprofit Oranization
7) An organization that is owned and operated by its members
A
Franchise
B
Corporation
C
Cooperative
D
Wholesaler
8) The buying and reselling of goods that have already been produced.
A
Production
B
Cooperative
C
Procurement
D
Marketing
9) The process that involves getting consumers to buy a product or service.
A
Accounting
B
Finance
C
Marketing
D
Management
10) A contractual agreement to use the name and sell the products or services of a company in a designated geographic area
A
Franchise
B
Cooperative
C
Corporation
D
Partnership
*select an answer for all questions
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