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WorksheetsHumanities - Business and Economics
Total questions: 15
Worksheet time: 15mins
A producer is...
a person who sets out to build a successful business in a new field
the group of people in charge of creating and enforcing laws
a person or business that is involved in creating/making goods or services
all of the above
Goods are...
goods are sold at supermarkets for consumption
goods are intangible items that cannot be seen or touched
goods are actions done by businesses for consumers
goods are physical, tangible products that can be seen and touched
A service is...
are the products offered by businesses
are companies that offer business to consumers
are physical, tangible items that can be seen and touched
the actions that are done by businesses for consumers
The business sector can be described as...
producers that provide goods and services to satisfy the needs and wants of households
consumers that are working in the business sector to earn money
consumers that purchase goods and services for the business sector
producers that provide goods and services to consumers in order to make a profit
The four sectors in the economy are...
The household sector, financial sector, business sector & government sector
The household sector,tax sector,business sector, & government sector
The business sector, tax sector, household sector & financial sector
The financial sector, government sector, corporate sector, & household sector
What are the 2 main aims of a business?
To make more money than the competition
Make a profit
To have popular goods or services
Satisfy particular needs and wants
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
A father who wants to take his son into the business with him should form this type of business.
Sole Proprietorship
Partnership
Corporation
Someone who wants to control every aspect of their business should form this type of business.
Sole Proprietor
Partnership
Corporation
Maria is using her savings to open a shop selling clothing from Mexico. What type of business is it?
Sole Proprietorship
Partnership
Corporation
How is a corporation different from a sole trader?
The facilities, services and installations needed for a society to function, such as transportation and communications systems, water and power lines describes...
Government market
Welfare market
Infrastructure market
Privatised market
To sell a government-owned provider of goods or services to private investors describes...
Government
Welfare
Infrastructure
Privatised
