Business 1

Complete the definition: A Business in an organisation that provides ___________ and ___________ to customers who want and need them.

• Items and Services

• Goods and Labour

• Good and Services

• Items and Labour

Which is the definition that is best suited to 'Goods'?

• Activities that other people or businesses do for you

• Physical products that are made bought and sold

Which is the definition that is best suited to 'Services'?

• Activities that other people or businesses do for you

• Physical products that are made bought and sold

Which Keyword matches the following definition: "a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something."

• Expenditure

• Revenue

• Profit

• Wants

Which Keyword matches the following definition: "the specific, measurable results that companies hope to maintain as their organisation grows."

• Needs

• Objectives

• Revenue

• Enterprise

Which Keyword matches the following definition: "a business organization wholly or partly owned by the state and controlled through a public authority"

• Public sector

• Private sector

• Public Enterprise

• Private Enterprise

Which Keyword matches the following definition: " an industry and business which is owned by individual people or commercial companies, and not by the government or an official organization."

• Public sector

• Private sector

• Public enterpise

• Private enterprise

Choose THREE of the following enterprises that operate in the public sector.

• NHS

• McDonalds

• BBC

• Network Rail

• Sainsbury's

Choose THREE of the following enterprises that operate in the private sector.

• Nike

• Royal Navy

• Highways England

• Amazon

• Apple

What is an example of a Non-profit organisation?

• RSPCA

• ebay

• B&Q

• Royal Mail