Question

1. businesses that create products used by individuals and other businesses are called
2. businesses involved in selling the goods and services of producers to consumers and other businesses are called
3. a(n) business performs activities that are consumed by customers.
4. a business owned and managed by a small group who have entered into an agreement is called a(n)
5. a(n) is a written contract granting permission to a businessperson to sell someone elses product or service.
6. corporations that are created for social, political, charitable, educational, or general welfare purposes are known as corporations.
7. a group of individuals or businesses that has similar product needs is called a(n)
8. businesses that have a(n) orientation consider the needs of customers when they develop products and services.
9. the path a product travels as it goes from producer to consumer is called the channel of
10. the amount that is added to the cost of producing a product or service is called a(n)

Explanation:

1. Producers create products used by others, and intermediaries sell goods and services of producers.
2. Service - businesses perform activities consumed by customers.
3. A partnership is owned and managed by a small group in an agreement.
4. A franchise is a written contract for selling someone else's product or service.
5. Non - profit corporations are for social, political, etc. purposes.
6. A market segment is a group with similar product needs.
7. A customer - oriented business considers customer needs in product development.
8. The path from producer to consumer is the channel of distribution.
9. The amount added to production cost is a markup.

Answer:

1. Producers; Intermediaries
2. Service
3. Partnership
4. Franchise
5. Non - profit
6. Market segment
7. Customer
8. Distribution
9. Markup