Chapter 6 Vocab Question Preview (ID: 39548)
Chapter 6 Vocab.
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A business that moves goods from one business to another
a) wholesaler
b) processor
c) intermediary
d) cooperative
The business or art of money management.
a) Accounting
b) Finance
c) Marketing
d) Procurement
The owner is responsible for the company's debt.
a) unlimited liaibility
b) limited liability
c)
d)
Also known as distributors
a) Intermediary
b) Franchise
c) Producer
d) Wholesaler
The process of creating, expanding, manufacturing, or improving goods and services.
a) Processing
b) Marketing
c) Production
d) Cooperative
A type of business that focuses on providing a service, not on making a profit.
a) Franchise
b) Cooperative
c) Wholesaler
d) Nonprofit Oranization
An organization that is owned and operated by its members
a) Franchise
b) Cooperative
c) Corporation
d) Wholesaler
The buying and reselling of goods that have already been produced.
a) Procurement
b) Production
c) Marketing
d) Cooperative
The process that involves getting consumers to buy a product or service.
a) Finance
b) Management
c) Marketing
d) Accounting
A contractual agreement to use the name and sell the products or services of a company in a designated geographic area
a) Cooperative
b) Franchise
c) Corporation
d) Partnership
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