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Worksheets8 EMS: Markets
Total questions: 16
Worksheet time: 10mins
The correct term for where buyers and sellers interact is called a:
Market
Shop
Business
Factor of Production
There are ... Factors of Production.
2
3
4
5
Interest is the remuneration for which Factor of Production?
Land
Labour
Capital
Entrepreneurship
Rent is the remuneration for which Factor of Production?
Natural Resources
Labour
Capital
Entrepreneurship
Profit is the remuneration for which Factor of Production?
Natural Resources
Labour
Capital
Entrepreneurship
This market is where employees offer their services to employers in exchange for remuneration.
(a)
The ... market is where banks and lending institutions would operate.
Capital
Raw Materials
Labour
Illegal
True or False: Goods like bread, milk and toothpaste are intangible.
True
False
Select the correct answer/s: Pick n Pay would be:
a legal business
in a fixed location
required to pay tax
able to sell anything illegal
A family doctor in your area who runs her own practice would be part of the:
national market
local market
international market
combination market
Pizza Perfect and the Medicross Group form part of the:
local market
national market
international market
Takealot, Checkers Sixty60 and Woolworths Dash would form part of the:
international market
virtual market
local market
The term used to describe how many rival businesses there are in a market selling the same or similar items.
(a)
This type of competition would apply to Checkers, Pick n Pay and Spar as they sell bread at the same price.
(a)
Eskom has the ... in South Africa with regards to electricity generation and sale.
(a)
McDonald's, KFC, Steers and Burger King operate in a ... market as they dominate the fast food industry and sell similar items.
monopoly
oligopoly
homogeneous
local
