The additional cost that the company adds to a product in order to make a profit.
Business review

Quiz
•
Professional Development
•
8th - 12th Grade
•
Medium
Alberto Carrera
Used 11+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
added value
cost price
production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors of production are...
land, labour, capital.
land, labour, capital, and enterprise.
people, labour, capital, and enterprise.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Provides financial resources to enable production.
marketing department
financial department
production department
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Enables a business to compare its level of production with that of its competitors.
Labour productivity
marketing department
opportunity cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where a seller and customer come together to perform the business activity.
production
productivity
market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the department in charge of generating customers.
finance department
marketing department
production department
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is something essential.
a need
a want
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