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Understanding Business
Understanding Business
38 terms
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A quick revision of #N5 #BusMan #UnderstandingBusiness
Flashcards
38 cards
F
Practice quiz
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Host live
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Questions
38
Answers
1
Which is
not
an external stakeholder?
Government
Shareholders
Suppliers
Local Community
2
Name the
external
factor.
Economic
Competition
Political
Environmental
3
Shares in this type of business are not available to the public on the Stock Market.
Partnership
PLC
LTD
Sole Trader
4
Which Sector of Economy aims to "maximise profits"?
Public
Third
Private
5
Which Sector of Economy aims to "raise awareness of good causes"?
Private
Third
Public
6
An
internal
factor that may stop you purchasing new machinery.
Management
Finance
Labour
ICT
7
What Sector of Economy?
Public
Third
Private
8
Name the Sector of Industry.
Primary
Quaternary
Tertiary
Secondary
9
What Sector of Economy?
Private
Third
Public
10
What Sector of Economy?
Private
Public
Third
11
Name the
external
factor.
Environmental
Political
Competitive
Social
12
What Sector of Economy?
Private
Public
Third
13
Name the
external
factor.
Social
Economic
Political
Technology
14
Suppliers can influence
Repeat custom
Prices
15
What Sector of Economy?
Third
Private
Public
16
Name the Sector of Industry.
Quaternary
Tertiary
Secondary
Primary
17
Which Sector of Economy aims to "expand the business"?
Private
Public
Third
18
What
Sector of Industry
extracts natural goods from the earth?
Primary
Tertiary
Secondary
Quaternary
19
Name the
external
factor.
Social
Environmental
Political
Economic
20
What Sector of Economy?
Public
Third
Private
21
What Sector of Economy?
Public
Private
Third
22
This is an example of...?
Gift Card
Credit Card
Loyalty Card
23
Name the
external
factor.
Social
Politcal
Economic
Environmental
24
What Sector of Economy?
Third
Public
Private
25
What
Sector of Industry
do not produce goods but provide services?
Secondary
Primary
Quaternary
Tertiary
26
Name the
external
factor.
Social
Technological
Competition
Environmental
27
Which Sector of Economy aims to "increase donations"?
Private
Public
Third
28
Name the Sector of Industry?
Tertiary
Primary
Secondary
Quaternary
29
This type of business is owned and managed by one person.
Sole Trader
Franchise
Partnership
LTD
30
An
internal
factor that may stop customers returning.
ICT
Finance
Labour
Information
31
Employees are interested in...
A good salary
Industrial action
32
Select a
Factor of Production
.
Road
Capital
Salt
Buildings
33
Which Sector of Economy aims to "make good use of taxpayers' money"?
Third
Public
Private
34
A
stakeholder
is someone who...?
Holds steak
Has a conflict with business
Has an interest in a business
Interferes with business
35
Name the
external
factor.
Environmental
Political
Social
Competitive
36
An
internal
customer of Peterhead Academy is...?
Staff
Aberdeenshire Council
Pupils
Parents
37
This type of business is owned by 2–20 people
Partnership
Sole Trader
Franchise
PLC
38
This type of business has no control over who buys shares.
PLC
LTD
Franchise
Partnership
