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1.1 Vocabulary Activity

Authored by Rebekah Glasbrenner

Business

11th Grade

30 Questions

Used 3+ times

1.1 Vocabulary Activity
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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

peoples desires - the things they would like to have

Primary Sector
Product
Customers
Wants

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

the people or organizations that buy the product

Wants
Product
Customers
Businesses

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Needs:

the people or organizations who actually use a product
the basic necessities that a person must have to survive
owners or operators of an organization who manage, organize and plan the other three factors of production. They are risk takers who exploit business opportunities in return for profits.
the document that sets out the business idea, its goals & objectives and other details of how the business will operate (such as its marketing, operations and finance). It is often a crucial part of an attempt to raise external sources of finance.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

the section of the economy where business activity is concerned with the provision of services to customers

Quaternary Sector
Primary Sector
Tertiary Sector
Secondary Sector

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

organizations involved in the production of goods and/or the provision of services

Customers
Tertiary Sector
Primary Sector
Businesses

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Primary Sector:

a subcategory of the tertiary sector, where businesses are involved in intellectual, knowledge-based activities that generate and share information
businesses involved in the cultivation or extraction of natural resources
the section of the economy where business activity is concerned with the construction and manufacturing of products
the section of the economy where business activity is concerned with the provision of services to customers

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

the document that sets out the business idea, its goals & objectives and other details of how the business will operate (such as its marketing, operations and finance). It is often a crucial part of an attempt to raise external sources of finance.

Needs
Consumers
Entrepreneurs
Business Plan

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