S3 Business Business in Action

Which of the following is not a factor of production?

• Enterprise

• Land

• Labour

• Needs

Which of the following is not a need?

• Water

• Designer Clothing

• Food

• Shelter

Which of the following is an example of a want?

• Shelter

• Food

• Chocolate

• Water

Briefly describe what a need is. Remember to write in sentences.

Briefly describe what a want is. Remember to write in sentences.

Which of the following is not an example of a service?

• Holiday

• Haircut

• Pot noodle

• Banking

Which of the following is not an example of a good?

• Nike trainers

• Washing machine

• Education

• iPad

True or False - Tangible means something that can be seen and physically touched?

• True

• False

True or False - Intangible means something that cannot be seen or physically touched?

• True

• False

If something can be used more than once for its intended purpose, is it durable or non-durable? Select the correct answer.

• Durable

• Non-durable