41. ____________ involves transfer of ownership of tangible products.
(a) manufacturing business
(b) service business
(c) merchandising business
(d) trading business
42. In which businesses, products are bought at a wholesale price and sold at retail price.
(a) manufacturing business
(b) service business
(c) trading business
(d) merchandising business
43. In which business, the form of the product is not changed, but it is sold in the same form?
(a) merchandising business
(b) service business
(c) trading business
(d) manufacturing business
44. In which business, it is important to keep enough inventory or stock?
(a) manufacturing business
(b) service business
(c) trading business
(d) merchandising business
45. Convenience stores, Resellers, Distributors, Grocery stores, Supermarkets, Retail clothing stores are examples of ____________ businesses.
(a) manufacturing
(b) service
(c) trading
(d) merchandising
46. A ________ earns money from the profit margin purchase cost and selling price.
(a) manufacturing business
(b) service business
(c) trading business
(d) merchandising business
47. Reselling of goods comes under ______________ business.
(a) manufacturing
(b) service
(c) trading
(d) merchandising
48. ____________ work with different kinds of products and services that is sold to consumers, businesses or government organizations.
(a) manufacturing business
(b) trading business
(c) service business
(d) merchandising business
49. Import and export of goods and services largely make up the _________ sector.
(a) manufacturing
(b) trading
(c) service
(d) merchandising
50. Real estate brokers, Middlemen, Importers, Exporters, and Foreign Exchange traders are examples of ____________ businesses.
(a) manufacturing
(b) service
(c) trading
(d) merchandising
51. Businesses that are involved in different activities ranging from manufacturing, service, merchandising etc, are called ______________.
(a) manufacturing business
(b) trading business
(c) service business
(d) hybrid business
52. What is the Primary Activity of Manufacturing Business?
(a) Production of goods
(b) Provision of service
(c) Purchase and sales of goods
(d) All of these
53. What is the Primary Activity of Services Business?
(a) Production of goods
(b) Provision of service
(c) Purchase and sales of goods
(d) All of these
54. What is the Primary Activity of Merchandising Business?
(a) Production of goods
(b) Provision of service
(c) Purchase and sales of goods
(d) All of these
55. What is the End-products of Manufacturing Business?
(a) Physical / Tangible goods
(b) Intangible goods
(c) Both (a) and (b)
(d) None of these
56. What is the End-products of Services Business?
(a) Physical / Tangible goods
(b) Intangible goods
(c) Both (a) and (b)
(d) None of these
57. What is the End-products of Merchandising Business?
(a) Physical / Tangible goods
(b) Intangible goods
(c) Both (a) and (b)
(d) None of these
58. In which types of business inventory is not required?
(a) manufacturing business
(b) trading business
(c) service business
(d) hybrid business
59. In which types of business inventory is maintained as Finished goods?
(a) manufacturing business
(b) trading business
(c) service business
(d) merchandising business
60. What types of labour is required in Manufacturing business?
(a) unskilled
(b) skilled
(c) sales person
(d) both (a) and (b)
