GCSE What is Business Activity?

Which of the following is NOT part of business activity?

• Making laws for the country

• Using resources

• Producing goods or services

• Trying to make a profit

Which of the following are external factors that affects a business?

• The aims of a business

• Laws that protect consumers

• The business's budget

• The economy of the country

Which of the following is a consumer good?

• steel panel

• concrete

• packet of washing powder

• jar of coffee

Which of the following is a producer good

• Car

• Airline ticket

• Item of clothing

• robot technology for a production line

Which of these needs is MOST likely to be met by the government rather than businesses?

• Food

• Schools

• Street lights

• Clothing

Which of the following is best described as a want rather than a need?

• Holiday

• Food

• A home

• Basic medicine

Which of the following is one of a business's internal stakeholders?

• The owner

• The government

• Suppliers

• The employees

Which of the following is an external stakeholder of a business?

• Manager

• Owner

• Employee

• Customer

Which stakeholder is MOST interested in a business making as much profit as possible?

• Customer

• Manager

• Shareholder

• Employee

Which stakeholder is MOST interested in the ability of a business to repay the money it owes [debts]?

• Creditor

• Manager

• Shareholder

• Society