7100/13 2021

What is an example of primary production?

• a baker making bread

• a farmer sowing a field

• a shopkeeper selling goods

• a teacher educating children

The picture shows an industrial building.
What is this building used for?

• manufacturing finished goods from raw materials
  

• obtaining raw materials from the earth

• selling a variety of products to consumers

• storing imported goods on which duty has been paid

When industry, commerce and direct services rely on each other they are

• competitive.

• interdependent.

• manufacturing.

• specialising.

What is an advantage to Mrs Lee of buying clothing from a multiple chain store rather than from a factory shop?

• car parking

• cheaper prices

• choice of brands

• free delivery

What helps to reduce a retailer’s labour costs?

• own brands

• packaging

• point of sale promotions

• self-service checkouts

What is a feature of mail order firms?

• cash sales

• luxurious facilities

• self-service

• warehouse operations

The picture shows a trend in retailing.
What is this an example of?

• mobile retailing
  
  

• omni-channel retailing

• small scale retailing

• virtual retailing

What is a disadvantage to a buyer of purchasing goods on credit?

• buy now and pay later

• goods purchased may be faulty

• immediate possession of the goods

• interest would be added to the price

The diagram shows a channel of distribution.
What is a feature of this channel of distribution?

• Hypermarkets and supermarkets use this channel.

• Industrial products such as tractors use this channel.

• RDCs are warehouses owned by independent wholesalers.

• Small-scale retailers are supplied by RDCs

A firm wants to buy heavy machinery for its factory.
What is the most suitable type of credit for this purchase?

• bank loan

• bank overdraft

• credit card

• debenture