Dana Owns and Operates a Catering Business

question 185

Multiple Choice

Dana owns and operates a catering business. This is an example of a

• A) distribution business.
• B) production business.
• C) service business.
• D) retailer.
• E) manufacturer.

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Definitions:

Annual Maintenance

Regularly scheduled upkeep or repairs conducted yearly to ensure the optimal functioning and longevity of equipment, facilities, or systems.

Nightly Room Rates

The cost per night for staying in a hotel room, which can vary based on location, hotel classification, time of year, and amenities offered.

Fallacy of Composition

The logical error of assuming that what is true for a part is necessarily true for the whole.

Economic Systems

Organizational frameworks governing the production, distribution, and consumption of goods and services in a society.