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WorksheetsBusiness review
Total questions: 12
Worksheet time: 6mins
The additional cost that the company adds to a product in order to make a profit.
added value
cost price
production
Factors of production are...
land, labour, capital.
land, labour, capital, and enterprise.
people, labour, capital, and enterprise.
Provides financial resources to enable production.
marketing department
financial department
production department
Enables a business to compare its level of production with that of its competitors.
Labour productivity
marketing department
opportunity cost
Where a seller and customer come together to perform the business activity.
production
productivity
market
It is the department in charge of generating customers.
finance department
marketing department
production department
It is something essential.
a need
a want
__________________: how many products are produced or how many customers are served.
Production
Productivity
This measures how much a business produces in relation to its resources.
production
productivity
It is formed by businesses that are run by the government.
public sector
private sector
primary sector
____________________: takes the raw materials and transforms them into a product.
Primary sector
Secondary sector
Tertiary sector
___________________: sells finished products and services to the customer.
Primary sector
Secondary sector
Tertiary sector
