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Q 1/9
Score 0
What is the purpose of business activity?
30
To create a marketing campaign
To create a monopoly
To save money
To meet the wants and needs of consumers
Q 2/9
Score 0
Which of the following is an example of a good?
30
Inssurrance
Hairdressing
Laptop
car repair
9 questions
Q.
What is the purpose of business activity?
1
30 sec
Q.
Which of the following is an example of a good?
2
30 sec
Q.
Which of the following is not considered a need?
3
30 sec
Q.
Which of the following is not considered a want?
4
30 sec
Q.
The Economic Problem of Scarcity is the reason why CHOICES and DECISIONS must be made.
5
30 sec
Q.
Then next best alternative given up by choosing another item is called...
6
30 sec
Q.
Division of labour is a form of specialisation. True or false?
7
30 sec
Q.
Which one is NOT a purpose of business activity :
8
30 sec
Q.
If Value is not added to materials and components that a business buys in, then other costs cannot be paid for and no profit will be made. True or False?
