Week 6

Question 0

The abilities needed for certain jobs

Answer 0

Aptitudes

Question 1

People who use goods and services to satisfy their personal needs and wants

Answer 1

Consumers

Question 2

Requirement that business owners are responsible for paying all debts

Answer 2

Unlimited liability

Question 3

The stages through which goods and services move from the time they are introduced until they are taken off the marke

Answer 3

Product Life Cycle

Question 4

An organization’s portion of the total industry sales in a specific market

Answer 4

Market Share

Question 5

An organization’s portion of the total industry sales in a specific market

Answer 5

Market Share

Question 6

A group of related product items

Answer 6

Product Line

Question 7

The particular assortment of products that a business offers

Answer 7

Product Mix

Question 8

Any paid form of a non-personal presentation of ideas, goods, or services

Answer 8

Advertising

Question 9

Items that are found in nature that are used to produce goods and services

Answer 9

Natural Resources