Business Connections - Business and Society

Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?

A builder

Determine whether the following statement is true or false: Trade industries all have the same form of ownership.

False; they may be independent or belong to a chain

What do service businesses sell

Intangible activities

Which of the following describes the services offered by trade industries

They may be limited or full line

Which of the following statements about wholesale trade businesses is true

They operate from a variety of business premises

One way in which many businesses demonstrate their social responsibility toward employees is by providing them with

a safe working environment

Social responsibility should be part of the objectives of __________ businesses

all

The connection between the social responsibility of a business and the community in which the business operates is that the business's social responsibility __________ the community.

has an effect on

Businesses in trade industries that offer discount prices usually offer

limited services

A producer is someone who

makes things

A company that transforms cotton into wearable clothing is considered a

manufacturer

One way in which a business can show its social responsibility is by __________ its profits

maximizing

Businesses can show their social responsibility by contributing to

public interests

Farms, mines, and lumber companies are examples of

raw-goods manufacturers

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating

social responsibility

Retailing takes place whenever goods are

sold to the ultimate consumer

A socially responsible business will attempt to give customers

the best products at the best prices

Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a

trade industry

A business that produces a product should be socially responsible to the __________ of the product.

users

The two main divisions of the trade industry are

wholesalers and retailers