CBAD 120 - Test 1 questions with correct
answers rated A+
Business - correct answer ✔✔Individuals or organizations who try to earn a profit by providing products
that satisfy people's needs
Products - correct answer ✔✔Goods or services with tangible and intangible characteristics that provide
satisfaction and benefits
Tangible goods - correct answer ✔✔-Automobile
-Computer
-Phone
-Coat
Services - correct answer ✔✔-Dry cleaning
-Doctor's checkup
-Basketball game
-Concert
What is the goal of business? - correct answer ✔✔To earn a profit.
What is the difference called between what it costs to make and sell a product? - correct answer
✔✔What the customer pays for it
Profits must be earned in a _________ manner - correct answer ✔✔Responsible
Nonprofit organizations - correct answer ✔✔-Provide goods and services
-Do not share the purpose of earning profits
answers rated A+
Business - correct answer ✔✔Individuals or organizations who try to earn a profit by providing products
that satisfy people's needs
Products - correct answer ✔✔Goods or services with tangible and intangible characteristics that provide
satisfaction and benefits
Tangible goods - correct answer ✔✔-Automobile
-Computer
-Phone
-Coat
Services - correct answer ✔✔-Dry cleaning
-Doctor's checkup
-Basketball game
-Concert
What is the goal of business? - correct answer ✔✔To earn a profit.
What is the difference called between what it costs to make and sell a product? - correct answer
✔✔What the customer pays for it
Profits must be earned in a _________ manner - correct answer ✔✔Responsible
Nonprofit organizations - correct answer ✔✔-Provide goods and services
-Do not share the purpose of earning profits
