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