Business

What is an example of a service?

• A bus journey
• A bus
• A bus stop

Cherry is a professional DJ. Which of the following is most likely to be a supplier to her business?

• A hotel hiring her services
• A record store
• Customers at a nightclub

When does a business add value?

• When revenue is greater than production costs
• When revenue equals production costs
• When revenue is less than production costs

Which industry sector is an advertising agency part of?

• The primary sector
• The secondary sector
• The tertiary sector

What is the individual who buys a product called?

• Customer
• Consumer
• Supplier