Business, Economics & Trade

Market share is...

• the portion of a market controlled by a particular company or product.

• how many shares someone owns in the market.

• the amount of people a company shares its profits with in the market.

• All of the above.

Tags

Economics

Investment or money owned by a person that can be used to start a business is known as...

• profit

• capital

• debt

• cash

Tags

Business Structures

Participants (or sectors) in our Australian economy include which of the following?

• Household (Consumers) Sector

• Overseas Sector

• Firms (Producers) Sector

• Financial Sector

• Government Sector

Tags

Economics

Where do the majority of finances for a small business come from?

• A bank

• The owner(s)

• An investor

• All of the above

Tags

Business Structures

Woolworth & Qantas are examples of a

• small business.

• medium business.

• large business.

• franchise.

Tags

Business Structures

Which of the following are benefits to starting a new business.

• Ability to express your interests/creativity in business.

• Setting up the business the way you want.

• Selecting the business location.

• Limited choices in business decisions.

Tags

Business Structures

In 2018, the three biggest export destinations of Australian products were...

• India

• China

• Hong Kong

• Japan

• South Korea

Tags

Trade

____________ is when the business owner(s) hold responsibility for all of the debts and profits of the business.

Tags

Business Structures

______________ is the total market value of all goods and services produced within Australia in a given time frame.

Tags

Economics

An increase in the general level of prices paid for goods and services over a certain period of time is known as...?

• Inflation

• GDP

• Unemployment

• Economic growth

Tags

Economics