TH: Business O Level: Demo

Enterprise is the ability to take risk of starting a new business and to

• earn profits

• combine resources to produce goods and services

• increase market share

• sell assets

____________________ generally has the ability to raise large sums of money from the general public.

• Sole Trader

• Public Limited Company

• Private Limited Company

• Partnership

Deindustrialization is when an economy moves from:

• Primary to tertiary sector

• Primary to secondary sector

• Secondary to tertiary sector

• Secondary to primary sector

Added Value =

• Selling Price per unit - Total Costs per unit

• Selling Price per unit - Cost of Raw Materials brought in per unit

• Total Revenue - Cost of Overheads

• None of the above

When a business buys one of its direct competitors within the same industry, it could be called:

• Vertical Forward Integration

• Vertical Backward Integration

• Horizontal Integration

• Conglomeration

Companies that have separate legal identities from their owners are known as

• Sole Traders

• Partnerships

• Incorporated Businesses

• Unincorporated Businesses

Increase in payments made to shareholders after tax will reduce the:

• Company Profits

• Retained Earning

• Corporate Tax

• Revenue

The business which is buying the rights from a bigger business to use its name and processes is known as

• Franchisor

• Franchisee

• Cooperative

• Joint Venture

If the total sale of a market is $1million and our sales for the same year where $350,000 what was our Share of market

• 30%

• 35%

• 3.5%

• 3.0%