SGMA Chapter 1-4
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SGMA Chapter 1-4 Questions and 
 
Answers Graded A+ 
 
What is the primary goal of a business in a market economy? 
To generate profit by satisfying customer needs. 
 
How is the term "stakeholder" defined in the context of a business? 
 
Anyone affected by the business's actions, including employees, customers, and the 
community. 
 
What is the role of entrepreneurship in a market economy? 
To innovate and create goods or services that meet consumer demands. 
 
Why is competition cons...
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SGMA Chapter 1-4•SGMA Chapter 1-4