Business Studies - Nature of Business

A steelworks can be classified as which industry sector?

The values, ideas, expectations and beliefs shared by organisation members is known as

Money coming into a business and moving out of it is known as

Which is not a way in which a business can be geographically classified?

The process of transferring the ownership of a government business to the private sector is

The owner of the business being responsible for all debts of their business is known as

Removal of government rules and restrictions on business is known as

The business's share of the total industry sales for a particular product is known as

The organised effort to produce and sell, for a profit, goods and services is known as a

Which feature is not part of what defines Small-Medium Enterprise (SME) ?

What remains after all expenses have been deducted from sales revenue?

People who are part owners of a company are known as

The transition of a business from private ownership to public ownership on the ASX is known as

Which is not one of the four main resources for a business?

Where a small number of large firms have a greater control over a market is known as

The part of a business's profit that is divided among shareholders is known as a

A market research consultancy can be classified as which industry sector

Services that have traditionally been performed in the home are part of what industry?

A business that is owned and operated by only one person is known as a

Someone who starts, operates and assumes the risk of a business is known as an

Money invested in small businesses that have potential to become very successful is known as

The act of selecting among alternatives is known as

The process business's go through to become a separate legal entity from the owners is:

A good or service that can be bought or sold is known as a

The process that sees labour, capital and money move around the world cheaper and faster is

A fixed amount of money paid on a regular basis to a permanent employee is known as a

QANTAS would be classified as which size of business?

Periods of growth in the economic cycle are known as

Items that can be seen or touched are known as

Creating a new product, service or process, or improving an old one is known as

Which is not a regulatory body?

The spatial presence of a business and range of its products is known as

Combining resources to create products that satisfy demand is known as

Which is not a social function of business

The stages of growth and development of business is known as the

Money a business receives as payment for its products is known as

A business with less than 20 employees can be classified as

Environmental factors over which business has very little control are known as

A business aquiring or merging with another firm that makes similar products is known as

A lack of sufficient funds to operate a business normally is known as