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WorksheetsBusiness
Total questions: 22
Worksheet time: 17mins
Developing economies will usually have:
A small primary sector
A large tertiary sector
A large primary sector
No secondary sector
The primary stage of production is concerned with:
Growing crops and extracting the earths natural resources
Providing services to customers and industry
Converting natural resources into fishing goods
Transporting goods to final customers
The tertiary sector of industry tends to be the most important sector in high income [Most developed] countries because:
agricultural output is more important than service
As customers have a little money to spend, they use most of their income to buy manufactured good
Most workers are employed in manufacturing products in these countries
As customers’ income are high, they spend more on services such as hotels and Leisure
Which one of the following businesses would you classify as being in the second respecter of industry?
Oil exportation company
Family run farm business
Doxie operating business
shoe manufacturer
In a mixed economy, which of the following groups of industries are most likely to be controlled/owned by the government?
Hotels and restaurants
Health and public transport
Building and taxi services
What shops and farming
Which of the following is NOT an example of primary sector business activity?
Forestry
Fishing
Oil refining
Mining for gold
Tertiary sector business activity is
Providing services to customers only
Turning the raw materials into fished goods
The extraction of natural resources
Providing services to customers and businesses
The entrepreneur is a person who .............. And takes the risk of starting a new business
Organizes
Works
gives
ends
Tick the characteristics of successful entrepreneurs
Lazy
confident
Shy
Initiative
Risk-taker
What can a business sell?
goods
services
goods and services
Who is an entrepreneur?
someone who works for a large company
someone who studies business in University
someone who starts their own business
What is profit?
the money you spend - the price you sell it for
the price you sell if for- the money you spend
the price you sell it for + the money you spend
What would make the presentation about your business better?
Confidence
Facts and evidence
Samples, pictures, videos etc.
All of the above
Cost is ...
...the money you have
...how much you pay for something
...the profit
...your income
To determine means...
...to start something
...to decide something
...to develop something
...to fail at something
To supply means...
...to give people what they need
...to invest in a business
...to borrow money from someone
...to expand a business
I was this planned might be used to:
Mislead people into investing in and business
Show how much profit business might make
God competitors with information about a business
Identify why I am business is making losses
Governments can support business start-ups buy:
Increasing taxes
Increasing regulations
Increasing grants
Increasing interest rates
Which of the following is Not a method form is it in business size?
Value of output
Number of employees
Capital employed
Profit
Which statement best describes conglomerate in intergration?
A frozen food manufacturer buying a poultry farm
An Ice cream producer opening its own ice cream shop
The merger of two taxi firms
The owners of an airline buying a music company
Which statement is an example of forwards vertical integration?
A frozen food manufacturer buying a poultry farm
An ice-cream producer opening its own Ice-cream shop
The merger off two taxi firms
The owners of an airline buying a music company
