Quiz 2 Review

2. ___________ decision-making occurs when decisions are made by a select few people at the top of an organization
4. Change raw goods into a more finished form for product development
6. Develop products from raw goods for distribution
10. Change raw or processed goods into finished goods
11. goods and services a person requires for survival
12. the ___________ department of a business carries out the promotion of goods and services
13. tangible, physical items
14. introduction of a new product can cause ________ in the business cycle

1. Planning is a main focus of ___________
3. Move finished goods from one business to another
5. A system used to record and report financial transactions of a business is known as which of the following
7. goods and services a person desires
8. intangible, not physical items
9. The arrangement of a business to establish a chain of command and define roles and responsibilities is the ____________ structure of a business