Business Concepts FBLA Middle level study guide Questions With Correct Solutions

Business Concepts FBLA Middle level study guide Questions With Correct Solutions A bundle of physical, service, and symbolic attributes designed to satisfy customer wants is called... - ANS A product A business plan can be useful to an entrepreneur and _____________ - ANS The potential investors who may finance the new business. A business transaction occurs each time a business __________. - ANS Records a purchase A labor union's major decisions are made by ___________. - ANS Union members A prolonged rise in the level of prices for goods and services is ____________. - ANS Inflation A tax added to the price of goods and services at the time of purchase is the __________. - ANS General sales tax About 55% of the federal government's revenue comes from ____________. - ANS Income tax Assets are defined as _________. - ANS Everything company owes Business and financial support positions require employees to have __________. - ANS Basic skills, organizational skills and experience with a variety of software Consumers buy many items on credit because ________. - ANS Credit enables them to use items sooner Credit bureaus are _________. - ANS Agencies that collect information to establish your credit rating Debts owe