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Exam (elaborations)
Bbb4M - Chapter 1 Exam Questions And Answers
BBB4M - Chapter 1 
 
Business (aka Trade) - Answer- manufacture/sell goods/services to satisfy consumer wants & needs to make profit. 
 
Transaction - Answer- Exchange of something of value 
- domestic & int'l 
 
- type of transaction depends on companies involved, not product. 
ex) CDN selling chinese made equip to another CDN business = domestic 
 
Domestic Business - Answer- -makes most transactions inside country (local & national) 
- ex) a business in, owned by, relies on products/servi...
Exam (elaborations)
Bbb4M Chapter 1 Exam Questions And Answers
PopularBBB4M CHAPTER 1 
 
business - Answer-the manufacturing and or sales of goods and or services to satisfy the wants and needs of consumers to make a profit 
 
transaction - Answer-an exchange of things of value 
 
domestic business - Answer-makes most of transactions in country its based 
 
international business - Answer-business that conducts financial transactions outside of its native country 
 
trade - Answer-the action of buying and selling goods and services 
 
interdependence - Answer-A re...