G9_Business_Term 1_Checkpoint 1

The purpose of business activity is to provide products that satisfy the needs and wants of individuals and other businesses.

• True

• False

Scenario: Norah and SaeedRead the following scenario and answer the questions that follow:

Norah and her brother, Saeed went to the mall last Friday. Norah bought perfume, chocolate and a Playstation 5. It was very hot, so she bought a bottle of water. Saaed bought clothes, food, medicine, and a new iPad. He also went to the barber to get a haircut.

All of the following are wants except........

• Playstation 5

• chocolate

• bottle of water

• perfume

Which of the following is a 'want'?

• clothes

• Food

• Medicine

• iPad

Identify whether the following are goods or services. Norah's perfume

• Goods

• Services

Identify whether the following are goods or services. Saeed's haircut

• Goods

• Services

Scenario: Amal's business makes olive oil. The factory is in Al Ain. She has invested Dh1 million on resources such as machines, tools, and buildings. She has 20 employees working in the business.

“She has invested Dh1 million on resources such as machines, tools and buildings.” This is an example of ….

• land

• labour

• capital

• enterprise

“She has 20 employees working in the business.” This is an example of…

• land

• labour

• capital

• enterprise