1. (TCO 1) Intangible products, such as income tax return preparations, educatio

Question

1. (TCO 1) Intangible products, such as income tax return preparations, education, and healthcare. (Points : 5)       Business
      Goods
      Services
      Entrepreneur
      Revenue

Question 2.2. (TCO 1) Tangible products, such as computers, food, clothing, automobiles, and appliances. (Points : 5)       Business
      Goods
      Services
      Entrepreneur
      Revenue

Question 3.3. (TCO 1) Buying products from another country. (Points : 5)       Importing
      Exporting
      Free Trade
      Absolute advantage
      Comparative advantage

Question 4.4. (TCO 2) A business 1. (TCO 1) Intangible products, such as income tax return preparations, education, and healthcare. (Points : 5)       Business
      Goods
      Services
      Entrepreneur
      Revenue

Explanation / Answer

1. Services

2. Goods

3. Importing

4. CSR - Corporate social responsibility

5. Balance of trade

6. Tariffs

7. Intrapreneurs

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