2.2 business studies

what are the 4p's

• price,product, people, promotion

• promotion, packaging, place people

• price, product, place, promotion

• place, product, penguin, packaging

what must enterprises do?

• They must employ people of he community.

• Deal with administrative task of a Union.

• Look at workers performances.

• They should develop detailed descriptions of each job

What is a sole trader?

• A person who is the exclusive owner of a business.

• Two people who own a business.

• A group of people who own a business

An entrepreneur is someone 

• Someone who works for a new business
• Someone who starts a new business
• Someone who takes over an existing business
• Someone who does not want to work

Tags

CCSS.L.11-12.4C

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

Start up costs are...

• the amount of money spent setting up a business

• money spent on a regular basis to keep a business running

• Fixed Costs + Variable Costs

• costs which change with output

Which industry sector are raw materials a part of?

• The primary sector
• The secondary sector
• The tertiary sector

What is a car an example of?

• A cost
• A service
• A product

What helps to create brand identity?

• Having multiple products
• An increase in profits
• Creating a logo for the company/product

Which of the following is the best definition of PROFIT?

• The total amount of income a business makes from selling products or services
• The amount of money a business has left over after paying for their costs.
• The total amount of money a business spends.

Which 3 of the following costs would be considered as expenses?

• Rent

• Utility bills

• Materials

• Tax