Font size
WorksheetsP.O.B(Principles of Business)
Total questions: 8
Worksheet time: 5mins
What is Marketing?
a product or item that satisfies human wants
means which the exchange of goods and services takes place as a result of buyers & sellers being in contact with one another
a person, company or business that buys and uses goods & services
activities that benefit a company without tangible product
Give 3 examples of Private Sector:
Give 3 examples of Public Sector:
Cafe, Hair Salon and Dentist
Schools, Hospitals and Prisons
Which of the are advantages of Barter?
Allow for greater riaty in diet as they could exchange food items with one another.
Accounts are divided into ___ and ___
personal and impersonal accounts
(a) - are those in which expenses and income are recorded for example:
sales, purchases, wages, electricity, commissions received etc.
(a) are the deal with people and firms in other words, the debtors and creditors, debtors being people who owe money to the firms- in other words, the debtors and the creditors.
Debtors + Creditors being the people/firms to whom money is..
Creditors and Debtors are the people/firms who lend money to debtors.
Creditors and Debtors are the people/firms who provide financial advice.
Creditors and Debtors are the people/firms who manage debt collections.
Creditors and Debtors are the people/firms to whom money is owed
