Role of Business in Society Quiz - S3

What is the primary aim of a business?

• To increase government taxes

• To reduce environmental impact

• To maximize employee benefits

• To satisfy customers' needs and wants

Which of the following is a basic need, essential for survival?

• Mobile phones

• Holidays

• Luxury cars

• Food

What are goods in the context of business?

• Products that you cannot hold or touch

• Services provided by the government

• Products that you can see and touch

• Experiences like a visit to the cinema

Which of the following is an example of a service?

• Laptops

• Clothes

• Public transport

• Food

What are wants in the context of business?

• Services provided by the public sector

• Products that are intangible

• Luxuries we would like to have but don’t need to survive

• Basic requirements for survival

What is a consumer in business terms?

• A person who sells products

• A person who uses a product and may also buy it

• A business that provides services

• A person who buys a product but doesn't use it.

True or false: A CUSTOMER is an individual who purchases a product even though they might not consume or use it.

• True

• False

Services are __________. You can't see or touch them but they are provided to you.

Which two letters help us remember the 3 sectors of industry

Organize these options into the right categories

Groups:

(a) Sector of Industry

,

(b) Sector of Economy

• Public

• Private

• Third

• Primary

• Secondary

• Tertiary