Business Studies Chapter 1, 2 & 3

Which items are human needs, choose 2 answers.

• Clothing

• car

• Drinking plain clean water

• pencil case

Which items are human unlimited wants, choose 2 answers.

• BMW car

• luxury bag

• shelter

• food

One of advantages in specialisation is

• Workers are lazy to work hard

• Workers are trained and less time to move

• workers become bored and absent without replacement

If the business without added value on the pricing, what happen to the

• can pay the cost and profit earning

• gain more profit and pay expenses cost

• Others costs unable to pay-off and no profit

What is the 3 stages of economy activity? Choose 3 answers.

• Primary, Secondary, Tertiary

• Primary, Secondary, Economy sectors

• Primary, Economy Sectors, deindustrialisation

The primary stage of production is

• extract and exploit the natural resources from the earth

• manufacture goods made from raw materials provided

• Relative decline in the importance of country's secondary

The secondary stage of production is

• manufacture goods made from raw materials provided by the primary

• Relative decline in the importance of country's secondary

• extract and exploit the natural resources from the earth

Deindustrialisation is

• provide services to consumers and other sectors of industry

• Relative decline in the importance of country's secondary (manufacturing) sector

• manufacture goods made from raw materials provided by the primary

Which one of the following businesses would be classify as secondary sector of industry?

• Strawberry farm business

• Sardine Food canning manufacturing business

• hospital

Which one of the following businesses would be classify as tertiary?

• Strawberry farm business

• Bread manufacturing business

• Insurance