10 questions
Businesses must make profit if they want to stay up and running.
True
False
Businesses help out our economy by providing individuals with jobs.
True
False
Businesses can tell if consumers are liking what they are making and selling through how much profit they are making.
True
False
Consumers' wants and needs never change.
True
False
You were having a garage sale and bought posters for 3 dollars, to make signs that said “Garage Sale Here”. Then you told your mother that if she would help you run the garage sale, you would pay her 12 dollars. She agreed to help. After the garage sale ended, you made 50 dollars, how much profit did you end up making?
$50
$47
$35
$38
Which of these is NOT one of the 3 main resources?
Money
Labor
Exchange
Materials
What is our biggest economic problem in society?
Unlimited Resources
Limited Resources
Internet Issues
Labor Shortages
Businesses ask themselves which question, when it comes to making the most of their limited resources.
What materials do we need to buy?
How do we produce these goods?
Who are we providing these products for?
All of the Above
Explain why consumers buy products and services from businesses.
A business does not need to worry about continually improving the value it creates for consumers and society.
True
False