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WorksheetsIntro 2 Business: Production
Total questions: 16
Worksheet time: 2hrs 8mins
What is the market place?
A place that sells vegetables
A boutique
A place or process where buyers and sellers meet to trade
A group
What are the two forms of market?
Physical form and e-commerce
Air and
Water
Fruit Market and Fish Market
Customers are people or organizations that
Buy a product
Sell a product
Review products
Create ideas
What are three types of products?
(a)
What is added value?
What are (3) types of products?
Consumer Goods:
Gadgets
Capital Goods:
Machinery
Services:
Teaching
Polish
Machine
Tools
Trees
Animals
Water
What is Opportunity Cost?
Why does a business/organization need a vision and a mission?
What is a mission statement?
What are (2) things a good vision should have?
List the forms of businesses.
List (1) advantage of Sole Proprietorship.
List (1) disadvantage of Partnership.
List the types of Organizational Structures.
What does S.M.A.R.T mean?
Slow, Measured, Available, Real, Trained
Seasonal, Monetary, Assets, Realistic, Talent-Filled
Sweet, Measured, Able, Right, Tool
Specific, Measurable, Achievable, Realistic, Time-Bound
What are the functional areas?
The reception area, the waiting area, the parking area
Production, Marketing, Human Resource, Customer Service, Finance
Living room, Dining and Kitchen
