Fill in the Blanks. Write the most APPROPRIATE WORD OR
STATEMENT referred to in the following definitions on the space
provided before each number.
1. Factors that include all transactions that the
business has to interact with comprising land, labor, capital, technology,
among others.
_2. An activity which makes one's living or makes
money by manufacturing, developing, buying and selling products (goods &
services)?
3. Taxes paid by business enterprise which are
considered a component of production cost because it is added to capital
outlay of the business in the operation
4. The dollar exchange rate in the economic
transactions directly affect the exports and imports cost of products.
5. refer to the use of goods and services to satisfy
human wants directly.
6. refer to the use of goods and services to satisfy the
basic needs and wants of consumers.
7. are the persons who buy the products business
offers for sale