Nat 5 Business Retrieval Practice 1

A market is any place where ______ and sellers come together

Which of the following are methods of market segmentation? (choose all that apply)

• Age

• Gender

• Income

• Location

Which stakeholder is interested in receiving high quality products at a reasonable price?

• Supplier

• Local Community

• Bank

• Customers

If a business has a lack of _______, they may not be able to pay their bills

Which factor of production includes all of the people who are involved in making a product?

• Land

• Labour

• Capital

• Enterprise

The _________ sector of industry is involved in taking raw materials and turning them into a finished product