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Business Aims and Organisation
What is an example of a service?
A bus journey
A bus stop
Cherry is a professional DJ. Which of the following is most likely to be a supplier to her business?
A hotel hiring her services
A record store
Customers at a nightclub
When does a business add value?
When revenue is greater than production costs
When revenue equals production costs
When revenue is less than production costs
Which industry sector is an advertising agency part of?
The primary sector
The secondary sector
The tertiary sector
What is the individual who buys a product called?
Which of the following does every business do?
Make a profit
Produce goods or services
Provide lots of jobs
How do you reduce the risk of starting a new business?
What is a car an example of?
Which of the following describes the money going into a business?
What is an example of firms relying on suppliers?