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

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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

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Trade

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

Tags

Business Structures

(a)   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