What is business activity? (2)

A business is a:

• Organisation that produces goods and services

• Organisation that produces money

• Organisation that helps people

• Organisation that is run by the government

McDonalds produces:

• Goods

• Services

• Goods and Services

• Money

A bank offers:

• Goods

• Food

• Assistance

• Services

A smartphone is a

• Producer good

• Consumer service

• Consumer good

• Producer service

Hanoi Academy offers a:

• Consumer Good

• Consumer Service

• Producer Good

• Producer Service

A company selling delivery vans offers a:

• Producer Service

• Consumer service

• Consumer good

• Producer good

People's needs are:

• what they require to survive

• what makes them happy

• what they want for christmas

• things they do on the weekend

Private enterprise's objective is to:

• help people

• satisfy the government

• Make a profit

• Help the environment

Social enterprise's goal is to:

• help people and/or the environment

• make a profit

• satisfy the government

• satisfy consumers

Public enterprise's are:

• Owned by the government

• run by the government

• organisations that offer services

• all of the above