N5 BM - Understanding Business
Authored by Mrs Tahir
Business, Education, Other
4th Grade
Used 72+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Oxfam is a charity that operates in the Third Sector. Identify 2 other Sectors of Economy.
Primary and Secondary
Primary and Tertiary
Private and Public
Private and Third
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Give a description of the Private Sector.
Owned by the government on behalf of the taxpayer.
Owned by private individuals who aim to make a profit.
Owned and regulated by the government and aim to raise funds and awareness
Owned by a sole trader
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Enterprise is a Factor of Production. Identify the other Factors of Production.
Land, Labour and Country
Primary, Secondary and Tertiary
Private, Public and Third
Land, Labour and Capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify an example of an Entrepreneur.
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Outline ways a business can measure customer satisfaction.
Customer surveys
Provide high quality products
Train staff well
Online reviews
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Identify the aims of a charity.
To make profit
To satisfy customers
To raise funds and awareness
To survive
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This external factor looks at the trends and beliefs of the customer.
Political
Social
Economic
Competition
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