Which of the following best defines a profit d It is the inc

Which of the following best defines a profit?

d. It is the income that a firm receives from its normal business activities

The quality and quantity of goods and services available to a population is referred to as the _____.

Which of the following is most likely to be true of most American businesses today?

During the _____ era, factories replaced previously abundant artisan workshops.

a. It is the money a business earns in sales minus the expenses.

b. It is the total revenue that a business generates.

c. It is the increase in the value of a firm’s assets that are not resold.

d. It is the income that a firm receives from its normal business activities

The quality and quantity of goods and services available to a population is referred to as the _____.

a. standard of living

b. gross domestic product

c. gross domestic income

d. per capita income

Which of the following is most likely to be true of most American businesses today?

a. Businesses rarely look beyond the immediate transaction with a customer.

b. Businesses are focused on what the customer wants.

c. Skilled artisan workshops have replaced huge factories focused on mass production.

d. Businesses create enormous wealth by keeping customer focus as an afterthought.

During the _____ era, factories replaced previously abundant artisan workshops.

a. marketing

b. entrepreneurship

c. relationship

d. industrial revolution

1.Which of the following best defines a profit?

Answer : It is the money a business earns in sales minus the expenses

2. The quality and quantity of goods and services available to a population is referred to as the _____.

Answer: Standard of living ( Note: it also defines the way these services and goods are distributed within a population)

3. Which of the following is most likely to be true of most American businesses today?

Businesses are focused on what the customer wants.

4. During the _____ era, factories replaced previously abundant artisan workshops

Industrial revolution