Functions of a Business

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1 point

Nakia does hair to make extra money. She is providing a service to her customers.

True

False

1 point

Some business motivation to start a business is to increase competition in the marketplace. An example would be Sheets in Roanoke Rapids.

True

False

1 point

Business fulfill the needs and wants of consumers.

True

False

1 point

Consumers purchase goods and services.

True

False

1 point

Hairdresser is considered to be goods.

True

False

1 point

Businesses sell goods, services or both to consumers.

True

False

1 point

John cuts grass to make extra money, he is providing goods to his costumer.

True

False

1 point

Consumers use goods and products

True

False

1 point

The profit motive for any business is the desire to make money or see the opportunity to make money in the marketplace.

True

False

10.

1 point

Tillery went to Walmart to buy tires for his car. Walmart provides goods.

True

False

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