AQA GCSE Business 3.1.1: The purpose and nature of business

Which of these businesses provides a service to customers?

• Florist

• Bakery

• Dentist

• Butcher

Rising interest rates are

an example of a change in

• Legislation

• Technology

• Environmental expectations

• The Economic situation

Which of these

businesses operates in the secondary sector?

• Dyson

• Cineworld

• John Lewis

• EE

Which of the following statements

best describes anentrepreneur?

• Someone who buys a product from a business

• Someone who uses goods and services produced by a business

• Someone who works for a business

• Someone who is willing to take the risk

  involved in starting a business

Which of the following is a charitable organisation whose purpose is to benefit others?

• Three

• easyjet

• age uk

• Tesco

Which of the following best

describes the term opportunity cost?

• The benefits created by making

  a particular business decision

• The opportunity created by making a particular decision

• The financial cost of making a particular decision

• The benefits given up by making a particular decision

The primary sector is made up of organisations that

• Convert raw materials into goods

• Manufacture goods

• Extract raw materials from the ground

• Provide services

Land, labour, capital and enterprise are collectively known as the

• Departments of a business

• Sectors of industry

• Functional areas of a business

• Factors of production

An entrepreneur decided to set up a mobile hairdressing business. What would be a reason for starting this business?

• To supply a service

• To produce goods

• To distribute products

• To provide a good to benefit others

Which of the following is the most likely example of a customer want?

• Healthcare

• Holiday

• Food

• Housing