S2 Business Revision

Which of these explains a want, not a need?

• Shelter: If you don't have this you could possibly die in cold weather

• Chocolate: People like to eat this as a sweet treat, some may think it's delicious.

• Protein: This is important for having good health. It provides valuable nutrients.

• Clothes: You wear these to stay warm and out of jail.

The definition of a need is: Something that is essential for life and ________ to __________.

• necessary, survive

• essential, life

• necessary, essential

• essential, survive

A want is: Something that makes life more happy and _________ but not _________ to survive.

• necessary, comfortable

• essential, necessary

• happy, comfortable

• comfortable, necessary

Which is a want?

• A place to live (shelter)

• Oxygen

• Car

• Food

A want is something we would like to have but could easily live without it.

• True

• False

Which of these is not an example of goods?

• Hand sanitiser

• Gardening

• Football boots

• iPhones

Which of the following is MOSTLY a provider of services?

• Tesco

• Estate agency

• Subway

• None of these - they are mostly goods

Which of these is not one of the factors of production names that we learned about?

• Labour

• Money

• Enterprise

• Land

Which factor of production is to do with coal production?

• Land

• Labour

• Capital

• Enterprise

Which factor of production includes teachers, shop assistants and other employees?

• Enterprise

• Personnel

• Labour

• Capital