IUPUI BUS x100

Service Industries correct answer: Services Distribution Industries correct answer: Retailing & Wholesale Trade Production Industries correct answer: Manufacturing, General & Heavy Construction, Special Trade Construction Advantages of Small Businesses correct answer: Flexibility, Independence, Service, Simplified, Specialization Disadvantages of Small Businesses correct answer: Risk of failure, Limited potential, Limited ability to raise capital, Little 'power' key issues ...

An economic system in which individuals and businesses make the decisions about what to produce and what to buy, and the market determines how much is sold and at what prices is called a _________ economy. A. product B. producer's C. command D. market E. planned correct answer: Market The market price of peaches is currently falling. In a free-market economy, the most likely explanation of this price change is that: A. the government has decided to set a lower price because ...