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Homework answers / question archive / Waynesburg University BUS 141 Chapter 1 1)The main purpose of business is to provide                              

Waynesburg University BUS 141 Chapter 1 1)The main purpose of business is to provide                              

Business

Waynesburg University

BUS 141

Chapter 1

1)The main purpose of business is to provide                               .

 

2.) Profits are an indicator of which of the following?

 

3.) Each of the following is a benefit of business, EXCEPT which one?

 

4.) If the cost of materials increases, which of the following should the business consider as a result?

 

5.) In which of the following ways does a service provider differ from a goods producer?

 

6.) Which of the following does a global marketplace present?

 

7.) Each of the following is one component of the external business environment, EXCEPT which one?

 

8.) Which of the following is the term that reflects the relationship between government and business?

 

9.) If a business wants to maintain growth in a maturing industry, which of the following should be considered?

 

10.) Which of the following best describes an entrepreneur?

 

11.) Which of the following defines the U.S. economic system?

 

12.) Which of the following is the determining factor of a country's economic system?

 

13.) Which of the following is a factor of production?

 

14.) Which of the following best defines the term "economic system"?

 

15.) Which of the following economic systems has the greatest government control?

 

16.) As gasoline prices increase, which of the following will happen?

 

17.) Each of the following is a factor of production in the United States, EXCEPT which on?

 

 

18.) In a pure monopoly, price of a product is determined by which of the following?

 

19.) If a company believes the business sector is saturated with competitors, which of the following should it consider?

 

20.) Decisions about what to buy and what to sell in the United States are determined primarily by which of the following?

 

21.) If the Gross Domestic Product (GDP) in the United States increases, which of the following will probably result?

 

22.) Each of the following is an element of private enterprise, EXCEPT which one?

 

23.) Which of the following refers to the total quantity and quality of goods and services that can be purchased with the currency used in a country's economic system?

 

24.) Each of the following is an economic indicator EXCEPT for which one?

 

25.) Each of the following is a threat to economic stability, EXCEPT which one?

 

 

 

 

 

 

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