A business is an organisation which provides only physical goods.
Answer
True
False
Question 2
Question
Which of the following are consumer products?
Answer
Magazine
Delivery Van
Education
Sugar Cane
Question 3
Question
Businesses have to satisfy people's needs and wants.
Select the needs from the list below:
Answer
Water
Clothing
Mobile Phone
Cleaner environment
Question 4
Question
In any business a number of business functions may be carried out. Select the option below that is not a functional area of a business.
Answer
Production
Marketing
Finance
Enterprise
Question 5
Question
Many small businesses are owned by individuals, families, or small groups of people. These people are often called entrepreneurs.
Answer
True
False
Question 6
Question
The government does not have any financial interest in small business.
Answer
True
False
Question 7
Question
Venture capitalists are stakeholders.
Answer
True
False
Question 8
Question
The changing business environment refers the factors that may affect a business that may change over time. The following are factors that may affect a business, select the most correct answer.
Answer
government legislation, competition, population trends, world affairs
government regulation, employees, services, population trends
business objectives, strength of competition, demand patterns, government regulation
stakeholders, demand patterns, world affairs, private sector