Business and Economics

Describe in your own words what a business is?

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Click the option that is a good

• Paying for a surfboard lesson

• Paying for new bathers

• Paying for a doctors appointment

Click the option that is a service

• Purchasing pumpkin scones

• Paying for braces

• Paying for a haircut

What is a customer

• Someone who pays for goods or services from a business

• Someone who makes custom t-shirts

• An entreprenuer

Making and selling within a business often occur at separate locations. Please give an example below.

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The three main reasons businesses exist are

• To provide goods, to make money, to work for themselves

• To provide services, to provide employment, to pick their own roster

• To provide goods and services, to make a profit, to provide employment

What is a not-for-profit organisation?

• A business that provides goods and services and keeps all its profit to itself, not sharing with employees

• A business that provides goods and services and is run without the goal of making a profit for its members

A Primary Industry is one that is involved with...

• growing and extracting raw materials

• manufacturing and construction

• providing goods and services to consumers/other businesses

A Tertiary Industry is one that is involved with

• manufacturing and construction

• growing and extracting raw materials

• providing goods and services to consumers and other businesses

A Secondary Industry is one that is involved with

• manufacturing and construction

• providing goods and services to consumers and other businesses

• growing and extracting raw materials