PRODUCTION, RETAIL & WHOLESALE TRADE

1.      At which stage of production are raw materials turned into finished products?

• A. extractive

• B. primary

• C. secondary

• D. tertiary

2. What is an advantage to a firm of division of labour?

• A. Every worker will do a variety of tasks.

• B. Production becomes cheaper for each product made.

• C. Tasks may become repetitive and boring.

• D. Workers may take longer to produce goods.

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

• A. competitive.

• B. interdependent.

• C. manufacturing.

• D. specialising.

4. 4. What is the final stage of the chain of production?

    

• A. consumers

• B. distribution

• C. markets

• D. retailers

5. 5. What does the tertiary stage in the chain of production involve?

       

       

       

       

• A. commercial and direct services

• B. commercial services

• C. manufacturing and commercial services

• D. the final consumer

6. 6. Which organisation provides an aid to trade?

       

       

              

• A. JJ Wholesalers

• B. MM Importers / Exporters

• C. PP Department Store

• D. RR Transport Company

7. 7. ‘Commercial services and direct services are interrelated.’

           What is an example of this statement?

          

          

          

         

• A. a farmer paying a vet to vaccinate his cattle

• B. a lawyer drawing up a contract between a wholesaler and a retailer

• C. a teacher preparing students for an examination in Commerce

•   D. an architect preparing plans for a new car factory

8. 8. Raw materials and finished goods may not be immediately required for the next stage in the

           chain of production.

           Which aid to trade solves this problem?

          

          

          

          

• A. advertising

• B. communications

• C. transport

• D. warehousing

9. 9. How are commercial services and direct services interrelated?

          

          

        

          

• A. Buying and selling are examples of direct services.

• B. Commercial services depend on direct services.

•    C. Direct services include advertising, accounting and medical services.

• D. Tertiary production consists of commerce and direct services.

10. 10. Which statement describes production?

           

          

           

                

• A. creating products which satisfy consumers

•   B. distributing finished goods to consumers

• C. obtaining natural resources from the Earth

•     D. providing direct services to consumers