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1. The process by which one or two or more persons engage in commercial activity for profit. a. Business c. Trade b. Commerce d. Partnership 2. Persons or company who supplies goods and services. a. Consumer c. Government b. Creditors d. Suppliers 3. The capability of a system to expand its total output under an increased volume of work when resources are added. a. Autonomy c. Profitability b. Big Ideaa d: Scalability 4. A business which has its own identity and is distinct from the owners is called as Autonomy c. Profitability are bBig Ideaa d. Scalability 5. A business with the main purpose of gaining profit is called a. Autonomy a. Profitability b. Big Ideaa d. Scalability 6. A businessthat creates its own plan to expand its economic growth. a. Autonomy c. Profitability bo Big Ideaa d. Scalability 7. Which brand of drinks may be a very good substitute for Coca-Cola? a. Mirinda 22 c. Sarsi b. Pepsi d. Seven-Up. 8. Industry rivalry among companies of the same or related industry is called a. Competitions. c. Alliance b. Distribution d. Threats
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