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BUSINESS ESSENTIALS 10TH CANADIAN EDITION EBERT CERTIFICATION EVALUATION EXAMS COMPLETE QUESTIONS AND DETAILED ANSWERS GRADED A+

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BUSINESS ESSENTIALS 10TH CANADIAN EDITION EBERT CERTIFICATION EVALUATION EXAMS COMPLETE QUESTIONS AND DETAILED ANSWERS GRADED A+

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BUSINESS ESSENTIALS 10TH CANADIAN
EDITION EBERT CERTIFICATION
EVALUATION EXAMS COMPLETE
QUESTIONS AND DETAILED ANSWERS
GRADED A+

⩥ Competition forces businesses to.
Answer: lower their prices.


⩥ Market research provides information that can help a business.
Answer: a. identify opportunities. b. evaluate demand. c. respond to
market goods and services.


⩥ Businesses supply goods and services.
Answer: to make a profit


⩥ business may stop manufacturing a product because.
Answer: theres a decrease demand for it


⩥ he basic needs of people include food, water, shelter and.
Answer: clothing

, ⩥ Businesses provide goods and services to satisfy wants and.
Answer: needs


⩥ Not a resource.
Answer: transportation


⩥ The contest among businesses to win customers is called.
Answer: competition


⩥ To avoid failure, a business can modify.
Answer: products, service, and business practices


⩥ shortage of resources is called.
Answer: scarcity


⩥ Scarcity occurs when.
Answer: demand exceeds supply


⩥ Not a factor of production.
Answer: educational resources


⩥ Some natural resources, such as wheat and cattle, are.

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