What are the factors of production?
Business revision

Quiz
•
Business
•
9th Grade
•
Medium
Malak Nosseir
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Create, Enterprise, Labour and Product
Capital, Enterprise, Land and Labour
Competition, Economy, Specialise and Value
Create, Economy, Land and Labour
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The problem of scarcity is...
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is specialisation?
When businesses divide the labour onto employees
When people and/or businesses concentrate on what they are worst at
When a business has a special product which it's competitors don't have
When people and/or businesses concentrate on what they are best at
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is an example of a tertiary sector?
Retail shops
Agriculture
Car manufacturing
Forestry
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mixed economy?
Where all businesses are owned by different individuals
Where some businesses are more successful than others
Where some businesses are owned by the government, some by private individuals
Where some businesses make more profit than others
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the 2 main reasons for a business plan?
Helps to inform business decisions and minimise risks
To know the market and competition
Requirement of application for finance
Makes others and yourself aware of your business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is a method of measuring a business' size?
Number of customers
Value of sales revenue
Market share
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