Unit 1 Business Management - Business Size and Activity

Any activity that is conducted by an individual or individuals to produce and sell goods and services is called....

• work

• making sales

• a business

• making profit

Size, Sector and Business Activity are all methods of .....

• measuring profit

• measuring costs

• determining structure

• classifying businesses

Which options help measure the size of a business. Select the best 2 options.

• revenue

• number of owners

• type of products produced

• type of services provided

Woolworths would be classified as...

• small

• small/medium

• large

A Hairdressing salon would be small because....

• it has 20-199 employees

• it has 20 or less employees

• it has a large market share

• it is owned and operated by thousands of shareholders

The proportion of sales in a given market or industry is called...

• total revenue

• market share

• profit

• share market

Qantas is classified as...

• small

• small/medium

• large

Qantas is large because....

• it has 20-199 employees

• it has a small share of the marked

• it is independently owned and operated

• it is a public company

If you are a small business

• You finance generally comes from the owner

• you have 20-199 employees

• you have a large market share

• you are a public company

Annual turnover means

• the amount of expenses paid during the year

• the amount of assets owned by the business

• the total amount of sales

• the number of employees who leave the business