WorksheetsBusiness and Economics
Total questions: 17
Worksheet time: 26mins
A WANT is
(a)
A NEED is
(a)
A trade off occurs when
(a)
An example of a want is
food
water
TV for my bedroom
clothes
An example of a need is
Water
Food
Shelter
All of the above
Name 4 of the 8 influencing factors that we consider when making purchases.
What are the different ways you can pay for things? Choose one only.
Cash, credit/debit cards, mobile payment apps, cheques, online payment platforms
Definition: Goods are
(a)
Definition: Services are
(a)
Profit is
The amount of revenue created from sales.
Financial gain made when income exceeds expenses.
What is a "for profit" business?
What is a "not-for-profit" business?
What strategies do companies use to advertise products?
We listened to the story, the Lorax in class. Name 4 of the negative impacts of large business on the environment?
Large business need to consider the environment when they create their business plans?
Yes
No
Explain three processes the Once-ler family could have implemented to prevent the negative impacts their business had on the environment.
