Font size
WorksheetsBusiness Studies Chapter 1 (Business Environments) part 1
Total questions: 17
Worksheet time: 48mins
Explain the Public and Private Sectors
.Owned by the Government .Has collective goods
Owned by private Entrepreneurs
Aim is to satisfy customer's needs and wants
Owned By Cuba
Formal Sector + Informal Sector= ?
A good Government
The Private Sector
Legal persona
Business
Name some Characteristics of the Formal Sector
Legal Businesses pay tax and are included GDP of South Africa
Have Fixed Locations
Are in Cambodia
Characteristics of the Informal Sector
Not registered
Not in Fixed Locations
Used to alleviate poverty
Are Illegal
Name the 5 economic sectors
Primary Sector Secondary sector Tertiary sector Quaternary sector Quinary sector
Primary Sector Toy making sector Quinary sector
Quaternary sector Secondary sector
Coffee Sector
Primary Sector Tertiary sector Quinary sector
Quaternary sector Secondary sector
Primary Sector- Raw materials,
(a)
What happens in the Secondary sector?
What Happens in the Tertiary Sector?
What Happens in the Quaternary sector?
What is the Quinary sector?
What is the concept of a Business?
Characteristics of a Successful Business
How can a business Survive?
What is Profitability and Growth?
How can a business maintain a competitive advatage?
What is the Technological Development of the business
What is the social responsibility of the Business?
