Revision 1

What is secondary production?

• Direct service

• Exhaustive industries

• Manufacturing

• Non-exhaustive industries

What is the advantage to a factory owner of using specialisation?

• Greater craftmanship

• increased used in machinery

• more workers required

• workers dependent on one another

what is a feature of a department store and not of an e-shop?

• Accept payments by credit card

• Up-to-date website

• Located in a busy shopping centre

• Offer refunds to customers

which service is carried out by retailer to help both customer and manufacturer?

• displaying goods for sale

• having conveniently sited shops

• helping to clear goods from factory

• offering informal credit

This text was posted on a tablet computer in a store

Cash price: $450

Hire Purchase price:

Deposit $200 and 12 monthly installments of $25

How much more would the tablet computer cost if it was bought on hire purchase?

• $25

• $50

• $300

• $500

Buying in bulk and selling in smaller quantities is a service provided by the ...

• Manufacturer for the retailer

• Manufacturer for the wholesaler

• Wholesaler for the retailer

• Retailer for the wholesaler

What does an unfavorable balance of trade mean?

• A country has imported more goods than it has exported

• A country has imported more services than it has exported

• A country's total imports exceed its total exports

• A country's total export exceed its total import

What is browsing the internet by going from one page to another known as?

• Blending

• Phishing

• Hacking

• Surfing

What is not an example of social media?

• Blog

• Chatroom

• Voicemail

• Forum

What does employer's liability insurance cover?

• Faulty product

• Injuries to customers

• Injuries to employees at work

• Theft by employees