F291

Beschreibung

Business Quiz am F291, erstellt von hutchinson184 am 18/05/2013.
hutchinson184
Quiz von hutchinson184, aktualisiert more than 1 year ago
hutchinson184
Erstellt von hutchinson184 vor mehr als 11 Jahre
57
1

Zusammenfassung der Ressource

Frage 1

Frage
What is a stakeholder?
Antworten
  • An individual or group of people who have an interest in a business and what it does
  • An individual who has bought shares in the business

Frage 2

Frage
What is the private sector?
Antworten
  • A business that is owned by one/a couple of people and is usually a family business. Only family and friends can buy shares of the business
  • Businesses that are owned by by a private individual (a member of the public)

Frage 3

Frage
What is the public sector?
Antworten
  • Businesses that are owned and controlled by the government on behalf of its citizens. They are funded by the government usually through money raised through taxes
  • Businesses that are owned by shareholders and can be bought on the stock market

Frage 4

Frage
What is privatisation?
Antworten
  • This is when a company that is owned by a private individual is put on the stock market for shareholders to buy.
  • This is when the government used to own businesses such as gas,water,electricity etc that were therefore in the public sector but were sold back to the private sector

Frage 5

Frage
What is the primary sector?
Antworten
  • Companies that are owned by the the government
  • Companies and people working to extract raw materials from the earth

Frage 6

Frage
What is the secondary sector?
Antworten
  • Businesses that are owned by a more than one/ a group of individuals
  • Businesses that turn raw materials into finished, processed & probably packaged products

Frage 7

Frage
What is the tertiary sector?
Antworten
  • Companies and people who provide services either to the public or other businesses
  • Companies and people working to extract raw materials from the earth

Frage 8

Frage
What is supply?
Antworten
  • The quantity of a product consumers are willing and able to purchase at any price level
  • The quantity that a supplier of a products is willing and able to supply at each level

Frage 9

Frage
Why does price affect supply?
Antworten
  • If prices are low then supply is less as it is less profitable
  • If prices are high then supply is more likely as more profit will be made

Frage 10

Frage
Why does cost affect supply?
Antworten
  • As costs become higher there will be a rise in supply as the firm will want to make more money to cover them
  • As costs become cheaper, there will be a rise in supply as the firm will be able to produce more from its budget

Frage 11

Frage
How do taxes affect supply?
Antworten
  • An increase in taxes means an increase in the businesses costs so therefore a decrease in supply
  • An increase in taxes means an increase in the businesses costs so therefore a increase in supply

Frage 12

Frage
How do government subsidies affect supply?
Antworten
  • If the government give businesses a payment for every unit supplied then the business is likely to increase supply
  • If the government give businesses a payment for every unit supplied then the business is likely to decrease supply

Frage 13

Frage
What happens to the supply curve when supply increases?
Antworten
  • it moves to the right
  • it moves to the left

Frage 14

Frage
What happens to the supply curve when supply decreases?
Antworten
  • Curve moves to the right
  • Curve moves to the left

Frage 15

Frage
What is demand?
Antworten
  • The quantity that a supplier is willing and able to supply at each price
  • The quantity of a product consumers are willing and able to purchase at any price level

Frage 16

Frage
How does price affect demand?
Antworten
  • If price goes down then demand will decrease
  • If price goes up then demand will decrease

Frage 17

Frage
How will substitute products affect demand?
Antworten
  • If substitute prices decrease then demand for your product will decrease
  • If substitute prices decrease then demand for your product will increase

Frage 18

Frage
How will complimentary products affect demand?
Antworten
  • If complimentary products prices increase then demand for your product decreases
  • I complimentary products prices increase then demand for your product will increase

Frage 19

Frage
How will income affect demand?
Antworten
  • If your income increases then demand will decrease
  • If your income increases then demand will increase

Frage 20

Frage
How will promotion affect demand?
Antworten
  • If the amount of promotion increases then demand will increase
  • If the amount of promotion decreases then demand will increase

Frage 21

Frage
How does taste & fashion affect demand?
Antworten
  • If a product is in fashion then demand will decrease
  • If a product is in fashion then demand will increase

Frage 22

Frage
How does wealth affect demand?
Antworten
  • If a person has higher wealth then they're will be higher demand
  • If a person has higher wealth then they're will be lower demand

Frage 23

Frage
What is excess demand?
Antworten
  • Where the quantity demanded of a product is greater than the quantity supplied at a given price
  • When the quantity supplied of a product is greater then the quantity demanded at a given price.

Frage 24

Frage
What is excess supply?
Antworten
  • When the quantity supplied of a product is greater than the quantity demanded at a given price
  • When the quantity demanded of a product is greater than the quantity supplied at a given price

Frage 25

Frage
What is equilibrium?
Antworten
  • When demand is equal to supply
  • When demand and supply are not equal
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