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Spring Semester Exam Review With Complete Solutions Latest Update 2024
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Spring Semester Exam Review With Complete Solutions Latest Update 2024
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Spring Semester Exam Review WithComplete Solutions Latest Update 2024
Three main types of private sector organizations - correct answers
Producers, intermediaries, services businesses
Intermediaries - correct answers Businesses that sell goods and services
from producers to customers
Farmers - correct answers Businesses that raise crops and livestock
Types of customer markets - correct answers Business-to-consumer,
business-to-business and business-to-government
Basic forms of business ownership - correct answers Proprietorship,
partnership, corporation
Proprietorship - correct answers Business that is owned and operated
by a single individual
, Partnership - correct answers Association of 2 or more persons who co-
own a business is called
Disadvantage of corporation - correct answers Dual taxation
Clear vision - correct answers One of the principles of effective
organization
Types of partnerships - correct answers General and limited
Tariff - correct answers Placed on products by country as they cross its
border
Domestic business - correct answers making, buying, and selling of
products within a country
Foreign debt - correct answers The measure of the amount of money a
country owes to other countries
Geographic conditions influencing international business - correct
answers Climate and terrain
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