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- Ellie owns a tumbling gym. She compiled a list of nearby competitors. Classify each of the following businesses as either direct or indirect competition.
- Select the true statements about fire prevention (select 4 options) Extension leads can be used only temporarily It is important to report damages to cables immediately Extension leads must be disposed of when you can't locate rating labels Holes in the walls and ceilings allow fire to spread and must be reported Extension leads can be used as a permanent solution
- What responsibilities do all staff and visitors have during a fire incident? (select 2 options) To attempt to tackle the fire alone To evacuate our residents from the building To raise the alarm by pressing the fire call point To inform other members of the team that a fire has started
- Terms 1. __ Trade industries 2. __ . Producer 3. __ Raw-goods producer 4. __ Service business 5. __ Production 6. __ Social responsibility 7. __ Manufacturer 8. __ Builder 9. __ Retailer 10. __ Voluntary chain 11. __ . Profit 12. __ _Wholesaler 13. __ Chain stores 14. __ Maximizing profits Definitions a. The duty of business to contribute to the well-being of society b. A business that buys goods from producers and sells them to retailers c. Businesses that have a central management that determines policies, advertising, and pricing for all stores d. Monetary reward a business owner receives for taking the risk of investing in a business e. Businesses that buy and sell goods to others f.The process or activity of producing goods and services g. A business that buys consumer goods and sells them to ultimate consumers h. A relationship formed by a number of independent business owners who join together to buy merchandise to get the discount prices available to chain stores i.A grower, provider, or manufacturer of goods and services j.A type of business that performs intangible activities that satisfy the needs and wants of consumers and industrial users k. A type of producer that changes the shape or form of materials so that they will be useful to consumers 1.A type of producer that constructs roads, bridges, buildings, and houses m. A type of producer that provides goods in their natural states n. A type of social responsibility described as "minding the store"
- 6. What is the primary source of wages and salary? (Check all that apply) a. Working as an employee b. Working as an entrepreneur c. Working for an entrepreneur d. Receiving interest on a savings account e. Volunteering for a non-profit organization a. Working as an employee D b. Working as an entrepreneur c. Working foran entrepreneur d. Recelving interest on a savings account e. Volunteering for non-profit organization