An organisation that makes goods or services

What is a tertiary sector?

The sector involving the commercial services

What is a secondary sector?

The sector involving manufacturing and processing

The four factors of production are?

Land, Capital, Labour, Entrepreneurship

What are the three stages of production?

Primary, Secondary and Tertiary

What is the purpose of market research?

To gain information about customers needs and preferences

An office is a place where?

A room or building used for conducting business

A place where commercial dealings are discussed

The amount customers are charged for items, The cost of selling items

What is a primary sector?

The sector involving extracting raw materials from the earth

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Year 9 Business Quiz!

25 termsStudBud Administration2,261 plays

Topics include: -Goods and Services -Wants and Needs -Business Start Ups -Entrepreneurial Skills -Business Sectors -Factors of Production -Marketing

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Questions 25

Answers

1
What is a business?
An organisation that makes money
An organisation run by professionals
A group of people wearing suits and ties
An organisation that makes goods or services
2
What is a tertiary sector?
The sector involving manufacturing food produce
The sector involving manufacturing iPhones
The sector involving the commercial services
The sector involving raw material extraction
3
Which of these is NOT an entrepreneurial skill?
Passion
Dedication
Carpentry
Risk-taking
4
True or false? A retailer is a secondary-sector job
TRUE
FALSE
5
What is a secondary sector?
The sector involving retail
The sector involving raw material extraction
The sector involving the sale of cars
The sector involving manufacturing and processing
6
The four factors of production are?
Land, Capital, Labour, Entrepreneurship
Natural, Human, Man-made, Non-Human
Land, Entrepreneurship, Human, Man-made
Capital, Labour, Natural, Human
7
What are the three stages of production?
First, Second, Final
Primary, Secondary and Tertiary
Extract, Produce, Sell
Growth, Harvest, Distribution
8
What is the purpose of market research?
To gain information about customers needs and preferences
To sell products on the street
To advertise their company
To hire people
9
True or false? An entrepreneur is a risk taker
FALSE
TRUE
10
True or false? People start businesses to become their own boss
FALSE
TRUE
11
Which of these is NOT a good
An Xbox
A house
A haircut
A takeaway
12
Why would somebody NOT start a business?
Personal satisfaction
To be independent
To work for somebody else
To make profit
13
What is a service?
A non physical item
Something tangible
A secondary-sector job
Something you don't pay money for
14
An office is a place where?
The Christmas party happens
A building to sell products
A room or building used to collect money
A room or building used for conducting business
15
What is a market?
A town centre
A gathering of people
A place where stocks are sold
A place where commercial dealings are discussed
16
Which of these is NOT an example of Marketing?
Dressing up Mrs Mann as a Christmas elf
A radio advert
Sales and offers
Hiring a new staff member
17
What is marketing?
Releasing new products into a market
Hiring new staff for the Christmas season
Promoting staff members to motivate them
Promotion and sale of products
18
What is a good?
A non-tangible product
A tangible product
Something you pay money for
Something a business provides
19
True or false? Desks and chairs are not office equipment
FALSE
TRUE
20
Which is an example of a want?
Food
Shelter
Warmth
Alcohol
21
What is 'price'?
The cost of running a business
The amount customers are charged for items
The revenue earned from selling items
The cost of selling items
22
Which is an example of a need?
Water
The latest iPhone
One Direction Tickets
House Security
23
Which of these is NOT a service?
Emergency Services
Education
an iPhone
A computer repair
24
What is a primary sector?
The sector involving using raw materials to manufacture cars
The first line of production within a factory
The sector involving extracting raw materials from the earth
The sector which the emergency services are in
25
Which of these is a factor of production?
Vehicles
Capital
Friends
Ideas

Year 9 Business Quiz! Flashcards | StudBud