CEV70070 - Business Concepts
Indicate whether the statement is true or false.
The process of creating, growing, manufacturing or improving products or services are all considered production activities.
Though small businesses are important, they provide less than half of all private workforce jobs.
From 1954 to 1997, imports have become a larger part of the U.S. GDP (Gross Domestic Product).
In our modern society, the United States is not interdependent on the world economy; we get all of what we need from inside our borders.
Most businesses are organized to make a profit; there are far fewer non-profit businesses than there are for-profit businesses.
Identify the choice that best completes the statement or answers the question.
Select the answer that is NOT correct to the statement.
Most businesses can be categorized by....
country of origin
Which of the following has NOT helped increase the globalization of businesses today?
faster financial flow
Small businesses are usually defined as having less than _____________ employees.
Complete each statement.
A place where products are sold is known as a ____________________________, and is the essence of the exchange process, where customers exchange their money for goods or services.
Businesses targeting a ___________________ market generally sell to customers in one country.