A business is an organisation which provides only physical goods.
Respuesta
True
False
Pregunta 2
Pregunta
Which of the following are consumer products?
Respuesta
Magazine
Delivery Van
Education
Sugar Cane
Pregunta 3
Pregunta
Businesses have to satisfy people's needs and wants.
Select the needs from the list below:
Respuesta
Water
Clothing
Mobile Phone
Cleaner environment
Pregunta 4
Pregunta
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.
Respuesta
Production
Marketing
Finance
Enterprise
Pregunta 5
Pregunta
Many small businesses are owned by individuals, families, or small groups of people. These people are often called entrepreneurs.
Respuesta
True
False
Pregunta 6
Pregunta
The government does not have any financial interest in small business.
Respuesta
True
False
Pregunta 7
Pregunta
Venture capitalists are stakeholders.
Respuesta
True
False
Pregunta 8
Pregunta
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.
Respuesta
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