50 pointer Prelim Revis Quizziz

Name the factors of production

• Land, Labour, Capital, Enterprise

• Stage 1-4

• Assets

• Production regulations

Ways in which social media can be used by the marketing department

• Increase Awareness

• Targett Specific Audiences

• Used 24/7

• Can create company logos

What could happen if a business does not meet customer demands?

organisations are owned by individuals. These businesses are driven by profit.

• Private sector

• public sector

• third sector

• tertiary

organisations are owned by the government. They provide goods and services for the benefit of the community.

They are run by the government. They operate with money raised from taxes.

• Public sector

• private sector

• first

• second

organisations are owned and run voluntarily by trustees.

These organisations are not run by the need to make profit but by the need to help the community.

They operate with money from donations and gifts. Any profits are reinvested in the organisation.

• Third Sector

• Primary

• Secondary

• Private

is a business owned by one person.

They are usually small in size. Hairdressers, butchers, and electricians often operate as sole traders.

• PLC

• Sole trader

• Partnership

• LTD

have a minimum of 2 and a maximum of 20 partners.

Lawyers, estate agents, doctor and dental practises often operate as this business type

• LTD

• Partnership

• Sole Trader

• PLC

an investor only loses the initial stake if a company goes bust.

• Limited Liability

• Unlimited Liability

the organisations run by government that exist to provide a service for the population and communities.

Money to pay for these is raised through

• Public Sector

• Private Sector

• Third Sector

• First Sector