Year 8 Economics and Business Revision

Year 8 Economics and Business Revision

8th Grade

25 Qs

quiz-placeholder

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Year 8 Economics and Business Revision

Year 8 Economics and Business Revision

Assessment

Quiz

Other

8th Grade

Medium

Used 120+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A consumer can be defined as 
the final user of goods and services
someone who loves to eat
someone who makes goods and services
someone who consumes a lot

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cooperative is 
a business that is owned and operated by the group of people that it serves
a business with one operator
a business which sells shares on the ASX
a business operated by the public

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A corporation is
a business owned by the government
a corporate business
a business owned by shareholders
a business owned by corps

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A franchise is 
where a business is owned by shareholders 
where a business sells the rights to distribute its products under its name to other individuals or businesses
where a business sells its products to other businesses
where businesses merge to create one big business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A target market is 
a market available at target
a group of people who all buy the exact same goods and services 
a group of producers who have similiar interestes and therefore join in a partnership business
 a group of customers with similar characteristics towards which a business has decided to aim its marketing efforts and its products

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ACL stands for 
Australian Consumer Law
Australian Competition Law
Australian Consumption Law
A Cool Law

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ACCC stands for
Australian Competition and Consumer Commission
Australian Consumer and Consumption Commission
Australian Commision of Consumers

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