WorksheetsThe purpose of a business
Total questions: 13
Worksheet time: 7mins
Refers to the document that sets out the business idea, its goals and objectives.
Deed of Ownership
Employee contract
Business plan
Deed of Incorporation
The people who actually use the product
Suppliers
Customers
Consumers
Clients
Organizations involved in the production/provisions of goods and services
Competitors
Businesses
Suppliers
Government
The operators of a organization who manages the factors of productions
Intrapreneurs
Entrepreneurs
Risk takers
Managers
Refers to both goods and services
Product
Tangibles
Intangibles
Processes
The people or organizations that purchase the products
Consumers
Customers
Competitors
Businesses
The basic necessities that a person have for survival
Sleep
Needs
Food
Goods
Businesses involved in cultivation of extraction of natural resources
Farming sector
Primary sector
Agricultural sector
Tertiary sector
Refers to a shift in the relative share of GDP that is attributed to each business sector
Sectoral allocation
Sectoral change
Sectoral production
Sectoral activity
The section of the economy concerned with manufacturing of products
Primary
Secondary
Business
Marketing
People's desires
Goods
Needs
Choices
Wants
The section of the economy concerned with providing services
Secondary
Quarternary
Manufacturing
Tertiary
The section of the economy concerned with intellectual and knowledge-based activities
University
Quaternary
Patents
Research
