Font size
WorksheetsClass room
Total questions: 50
Worksheet time: 26mins
Define Production
The quantity, or amount, produced within a given time
Making a product or providing a service
The major on going activities of a business
The people involved in production
Define Human Resources
The people involved in production
The resources used to produce a product or service.
Resources provided by nature
The buying of goods and services for a business
Define Purchasing
Productive resources; human and natural resources and capital goods
The major ongoing activities of a business
Money, buildings, tools, and machines necessary for production
The buying of goods and services for a business
Define Entrepreneurship
Using/combine Factors of Production resources to create a new product or services
People who work to produce goods and services
The economic process or activity of producing goods and services
Any resource found in nature that is used to produce goods and services
Manufactured or constructed items that are used in the production of goods and services is?
Capital Goods
Production
Natural Resources
Scarcity
A condition resulting from the gap between unlimited wants for goods and services and limited resources is?
Dispatching
Mass Production
Scarcity
Intermittent Production
Define Follow-up
buying the resources needed
determining how products will be produced and how much of the product to produce
the way in which production will be carried out
make sure products meet standard and are completed according to plan
Determining the time table to follow in production is?
Scheduling
Dispatching
Planning
Follow-up
Define Provides form utility
Enables businesses to be competitive
Enables companies to stay in business
usefulness created by altering or changing the form or shape
is the creation of goods and services from the combination of economic resources
Presented at the time of purchase to get money
taken off the purchase price is?
Intermittent Production
Sales
Rebates
Discount Coupons
Owners can have more personal ties with customers
Small Businesses
Large Businesses
Can employ more persons
Small Businesses
Large Businesses
Can offer more personalized services
Small Businesses
Large Businesses
May experience difficulty to obtain capital/financing
Small Businesses
Large Businesses
Tend to experience economies of scale
Small Businesses
Large Businesses
Physical expansion or opening other outlets
Internal growth
External growth
Where two or more companies join to form a new company
Internal growth
External growth
Expanding the product line
Internal growth
External growth
Two or more businesses pooling their resources to achieve a goal:
Joint Ventures
Mergers
Acquisitions
Franchising
Sandals hotel and West Indies Cricket Board coming together to promote the Caribbean
Joint Venture
Merger
Acquisition
Franchising
Two or more companies coming together to form a new company
Joint Ventures
Mergers
Acquisitions
Franchising
Two or more companies coming together to form a new company
Joint Ventures
Mergers
Acquisitions
Franchising
Where one firm take controlling interest of another firm:
Joint Ventures
Mergers
Acquisitions
Franchising
A business grants the licence to use its brand and reproduce its product.
Joint Ventures
Mergers
Acquisitions
Franchising
EXXON AND MOBIL joining to form EXXON-MOBIL
Joint Ventures
Mergers
Acquisitions
Franchising
Check all the correct answers below: Disney purchasing ABC, ESPN and PIXAR:
Joint Ventures
Mergers
Acquisitions
External Growth
Internal Growth
Check all the correct answers below: VIACOM purchasing MTV, Nickelodeon and BET
Joint Ventures
Mergers
Acquisitions
External Growth
Internal Growth
Check all the correct answers below: VIACOM and CBS coming together to form VIACOMCBS.Inc
Joint Ventures
Mergers
Acquisitions
External Growth
Internal Growth
Check all the correct answers below: The attached picture shows Apple's ...
Joint Ventures
Mergers
Acquisitions
External Growth
Internal Growth
Check all the correct answers below: SportsMAx and SSFL teaming up to stream local school football in the Caribbean
Joint Ventures
Mergers
Acquisitions
External Growth
Internal Growth
Be clear (Clarity and Coherence)
How does he feel?
He is sad
He is excited
He is bored
He is lazy
