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