Construction Business

Question 1

Four types of construction

Answer 1

Residential building const
Industrial const
Commercial building const
Heavy civil const

Question 2

A process that consists of the building or assembling of infrastucture

Answer 2

Construction

Question 3

Gives a building contractor the ability to state that they are licensed

Answer 3

Contractor’s license

Question 4

Types of contractors license

Answer 4

Class a
B
C
D. Specialties
M. Mechanical
E. Electrical
P. Plumbing

Question 5

Organization engaged in the trade of goods, services or both to consumers

Answer 5

Business

Question 6

Classifications of business

Answer 6

Service business-intangible goods and services
Merchandising business-sells products from manufacturing
Manufacturing business-from raw materials
Other business

Question 7

Replacement of a product with a newer version

Answer 7

Upgrade

Question 8

Improving structure

Answer 8

Renovation

Question 9

A written or oral ligally binding agreement between parties

Answer 9

Contract

Question 10

A continuous process, starting with analysis and evaluation of the customer’s inquiry

Answer 10

Contract management