WorksheetsRole of business and business functions review
Total questions: 12
Worksheet time: 5mins
The basic necessities a person must have to survive.
Wants
Needs
Happiness
Friends
The resources used in the production process are collectively known as
Raw materials
Factors of production
Working capital
Human resources
This business function (department) is responsible for the process of converting raw materials and components into finished goods.
Research and development
Marketing
Operations
Human resources
These product is tangible or has physical appearance.
Service
Good
(a) can be people or organisation that buy a product.
(a) refers to people’s desires or things people would like to have.
These goods are bought by a business or other businesses to produce other goods or services.
Capital goods
Consumer goods
Durable goods
Perishable goods
A type of consumer good that can last long or it can be used repeatedly.
Non-durable
Durable
This business function manages “people” relations within the company. (a)
(a) is a business function that satisfies the needs and wants of consumers through exchange.
Which department is responsible for dealing with all the money coming into and going out of the organisation?
Marketing
Research and development
Operations
Finance and accounts
Consumers are people or organisation that
Buy a good or service
Buy and use a good or services
Pay for a good or service without using it
Use a good or service
