Zusammenfassung der Ressource
Frage 1
Frage
What is a stakeholder?
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?
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?
Frage 8
Frage 9
Frage
Why does price affect supply?
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?
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 16
Frage
How does price affect demand?
Frage 17
Frage
How will substitute products affect demand?
Frage 18
Frage
How will complimentary products affect demand?
Frage 19
Frage
How will income affect demand?
Frage 20
Frage
How will promotion affect demand?
Frage 21
Frage
How does taste & fashion affect demand?
Frage 22
Frage
How does wealth affect demand?
Frage 23
Frage
What is excess demand?
Frage 24
Frage
What is excess supply?
Frage 25
Frage
What is equilibrium?