4.02 Dezteny Berry

1. How long does it take for the Business Cycle to Develop?

A.5 years

B.6 years

C.7 years

1 year

2. How does the word Capital relate to the fashion industry?

3. What is the difference between Consumer goods and Consumer services?

A.Consumer services are useful to consumers and Consumer goods are acts performed for the consumer for a fee

B.Consumer goods are products that are useful to consumers and Consumer services are performed for the consumer for a fee

4. What is the difference between indirect competition and direct competition?

5. If demand is the amount of goods consumers are willing and able to buy at a given price.Then what is the meaning of Inelastic demand?

A.The way people use products

B.The degree to which changes in price affect the demand for a product

C.All people people who work in the economy

D.Changes in the price of the product have very little effect on the demand for that product

6. Indirect competition meaning

A.Competition between two or more retailers that empty different types of business formats to sell the same type of goods

B.A rivalry between two or more businesses to gain as much of the total market sales or customer acceptance as possible

C.Products used by businesses in producing goods and services

D.Everything contained in the earth or found in the sea

8.What are some of the Human Resources we have in the economy today?

9.How is Form Utility used in the Fashion industry?

A.helps with economic decisions

B.Provided by changing raw materials or assembling parts to create a usable good

C.Physically made by manufactures

D.Fluctuations in the economy over periods of several years

Give a few examples of department stores you go to daily that have a bunch of mark down prices

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