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WorksheetsEconomics and Business
Total questions: 20
Worksheet time: 23mins
An organisation that produces and distributes goods and services is called a (a)
What are the 2 main aims of a business?
To make more money than the competition
Make a profit
To have popular goods or services
Satisfy particular needs and wants
As a stall holder at the markets you are a (a)
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
Goods are something (a)
If the income is higher than the expenses, you made a
Loss
Profit
If your expenses are higher than your income, it is called a (a)
Businesses buy their goods from a (a)
What are the top 5 things you need to include in a business plan?
A business plan...
...is the same as a budget
...mainly describes the product
... is a document providing the important details of a business
...shows the business idea of a company
An entrepreneur is
a person who sets up a business.
a person who takes on financial risks in the hope of profit.
a person who is employed at a successful organisation
a person who talks about his/her product interests.
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
A person who purchases goods and services for personal use is called a (a)
It is an (a) to offer a product no one else has on offer.
A (a) of the sole trader is the financial risk.
To find out trends and demands of the consumer, it is best to
create a strong slogan
conduct surveys and market research
find out what your partner says
observe the competition
Give an example of a small business that produces consumer goods.
A company ....
is not a common type of business
comes from the 'Old French', meaning companionship
is more complex than a small business
is treated as if it were a person
What type of business will you be running at the business expo?
(a)
producer goods are:
used by a consumer
used to make other goods
