AQA GCSE Business Topic 1: Business in the Real World

AQA GCSE Business Topic 1: Business in the Real World

9th Grade

20 Qs

quiz-placeholder

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AQA GCSE Business Topic 1: Business in the Real World

AQA GCSE Business Topic 1: Business in the Real World

Assessment

Quiz

Business

9th Grade

Hard

Created by

Business Department

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. What are goods?

A) Intangible activities provided to consumers

B) Physical items produced and sold to consumers

C) Resources used to start a business

D) Money invested in a company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. A customer is someone who:

A) Manufactures goods

B) Sells goods to others

C) Buys goods or services

D) Delivers packages

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 3. Which of the following is not a factor of production (FoP)?

A) Government

B) Labour

C) Capital

D) Land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 4. Land as a factor of production refers to:

A) All natural resources used in production

B) Buildings and offices

C) People who work in a business

D) The money invested

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 5. An enterprise is:

A) The land used by a business

B) A type of capital

C) The organisation and risk-taking involved in starting a business

D) The product sold

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 6. What is meant by opportunity cost?

A) The total money spent on a product

B) The value of the next best alternative given up

C) The financial gain from a decision

D) The number of opportunities available

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 7. The tertiary industry includes:

A) Making products in a factory

B) Services like retail and education

C) Growing crops

D) Mining

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