.

What is an example of a new market that has been created by cell phones?

wallets

charging cords

online college courses

laptops

What term refers to the act of selling products and services at a price greater than the cost of production?

If a business operates in a single country, it is a _____ business.

national

international

multinational

local

Individuals or partnerships that organize and operate businesses, usually shouldering much of the financial risk are called what?

A _____ is a physical location where buyers and sellers meet to buy and exchange goods.

share

commerce

market

sole proprietor

After opening additional locations throughout the Seattle area, what company had 17 stores serving made-to-order coffee drinks by 1987?

Perhaps nothing better illustrates regional taste than the ongoing battle over who has the best burgers.

true or false

In business terms, what word is used to describe any loss, damage, injury, or anything that causes the business unintended costs?

The loss of a major employer in a community creates a ripple effect causing more stores to close and _____ to climb.

happiness

opportunity

unemployment

employment

Classifying businesses by whether they are a single local shop, a small number of retail outlets in a region, or a national or international corporation with many stores is a way of classifying businesses by what?

Jannah is doing a research project for her business class on local businesses. She wants to start by gauging how many local businesses exist within her community. Where could she go online in order to find out this information?

Julian, Hank, and Barney want to go into business together. They have an idea for an online mentoring business that they have gotten great feedback on from potential investors. What might be the best choice of ownership structure for Julian, Hank, and Barney?

Like an LLC, what type of business structure separates the owners' personal assets from those of the business and maintains an independent identity offering the most protection from liability?