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WorksheetsEBS Chapter 1: Introduction to Business
Total questions: 20
Worksheet time: 10mins
What is a business?
Goods and services that are necessary for survival
Goods and services that are not necessary for survival
an organisation that meets the needs and wants of customers
someone who buys goods and services
How do businesses benefit the community?
providing goods and services to the people
providing jobs for the people
providing a place for people to spend their money
contributing to the wealth of the country
What are some features of goods?
can be seen and touched
cannot be seen or touched
can be taken home
cannot be taken home
can be mass produced
Goods-producing businesses produce goods with the use of (a) such as machines and labour.
Service-providing businesses provide services that can be experienced when sellers (a) with customers.
Which of the following is NOT an example of a capital resource?
Money used to start the business
Office building
CEO
Machinery
Which of the following is an enterprise resource?
Owner
Staff
Equipment
Ingredients
Which of the following is NOT a land resource?
sea
petroleum
farmland
factory
Check all the boxes that represent labour resource:
Chef
Concierge
Sales manager
Gardener
Human resource executive
(a) refer to changes in the world that will impact a business and its customers.
The businesses that provide the same or similar goods and services are known as (a) .
Check all the boxes that are direct competitors of McDonald's.
Burger King
Seoul Garden
Golden Village Cinemas
Koi Bubble Tea
Shake Shack
Indirect competition happens when businesses sell products that satisfy the same needs and wants of customers, but the products fall under (a) categories.
Mary wants to get an ice cream for dessert but there are no ice cream shops in the mall. Which of these shops best fulfils Mary's want for dessert?
Sakae Sushi
Jalan Kayu Roti Prata
Old Chang Kee Curry Puffs
Boost Smoothies
Check all the boxes that relate to changing customer expectations.
healthier food options
product customisation
personalised service
self-checkout kiosks
mobile apps
Check all the boxes that relate to technological development.
healthier food options
online chat bots
personalised service
self-checkout kiosks
mobile apps
Comfort Taxi and Grab Car are in _____ competition with each other.
direct
indirect
Time Zone and Cathay Cinemas are in ____ competition with each other.
direct
indirect
Check all that are goods-producing businesses.
Yeo's beverages
Isetan Department Store
ITE
Koh Brothers Construction
Chews Egg Farm
Check all that are service-providing businesses.
Cotton On
Q&M Dental Clinic
OCBC Bank
Gardenia Bread
Yakult Factory
