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Q 1/65
Score 0
Which business activity involves providing intangible products or services to customers?
30
Retailing
Manufacturing
Wholesaling
Service
Q 2/65
Score 0
Which of the following types of businesses is involved in producing goods through the use of raw materials and labor?
30
Manufacturing
Service
Distribution
Retailing
65 questions
Q.
Which business activity involves providing intangible products or services to customers?
1
30 sec
Q.
Which of the following types of businesses is involved in producing goods through the use of raw materials and labor?
2
30 sec
Q.
What type of business activity involves buying products or materials from suppliers in order to produce goods for sale?
3
30 sec
Q.
What type of business activity involves selling products and services to consumers for profit?
4
30 sec
Q.
Which of the following types of businesses buys goods in large quantities from manufacturers and sells them to retailers?
5
30 sec
Q.
What type of business activity involves the movement of goods from producers to consumers or between different stages of production?
6
30 sec
Q.
Which business function involves identifying and satisfying customers' needs and wants through the planning, pricing, promotion, and distribution of products or services?
7
30 sec
Q.
What type of business activity involves storing products or materials until they are needed for production or sale?
8
30 sec
Q.
Which business function involves managing the day-to-day operations of a company to ensure efficiency and productivity?
9
30 sec
Q.
What type of business activity involves coordinating the flow of goods and services from producers to consumers to meet customer demand?
10
30 sec
Q.
What is enterprise in business?
11
30 sec
Q.
What are services in business?
12
30 sec
Q.
What does adding value in business mean?
13
30 sec
Q.
What is division of labor?
14
30 sec
Q.
What does specialization in business mean?
15
30 sec
Q.
What is opportunity cost?
16
30 sec
Q.
What is scarcity?
17
30 sec
Q.
What is the purpose of a business?
18
30 sec
Q.
What are goods?
19
30 sec
Q.
What are needs?
20
30 sec
Q.
Which sector does insurance belong to?
21
30 sec
Q.
Which sector does oil extraction belong to?
22
30 sec
Q.
Which sector does a bakery belong to?
23
30 sec
Q.
Which sector does gas extraction belong to?
24
30 sec
Q.
Which sector does a retail business belong to?
25
30 sec
Q.
Which sector does a car repair business belong to?
26
30 sec
Q.
Which sector does building houses belong to?
27
30 sec
Q.
Which sector does oil refining belong to?
28
30 sec
Q.
Which sector does hospitals belong to?
29
30 sec
Q.
Which sector does fishing belong to?
30
30 sec
Q.
Which sector does a bank belong to?
31
30 sec
Q.
Which sector does a hospital belong to?
32
30 sec
Q.
To which sector does fishing belong?
33
30 sec
Q.
Which sector does building houses belong to?
34
30 sec
Q.
In which sector does a car repair business belong to?
35
30 sec
Q.
In which sector does a bakery belong to?
36
30 sec
Q.
Which sector does gas extraction belong to?
37
30 sec
Q.
To which sector does insurance belong?
38
30 sec
Q.
Which sector does oil refining belong to?
39
30 sec
Q.
To which sector does a retail business belong?
40
30 sec
Q.
What is a business plan?
41
30 sec
Q.
How can a business grow internally?
42
30 sec
Q.
What is a horizontal merger?
43
30 sec
Q.
What is backward vertical integration?
44
30 sec
Q.
Why do some businesses stay small?
45
30 sec
Q.
What are business objectives?
46
30 sec
Q.
What is the main objective of survival for new or small firms?
47
30 sec
Q.
What is the main objective of private sector firms?
48
30 sec
Q.
Who are considered stakeholders of a business?
49
30 sec
Q.
What is the main objective of customers as stakeholders?
50
30 sec
Q.
What is the main objective of the government as a stakeholder?
51
30 sec
Q.
What is the main objective of banks as stakeholders?
52
30 sec
Q.
What is the main objective of the local community as stakeholders?
53
30 sec
Q.
What are the objectives of public sector businesses?
54
30 sec
Q.
How do business objectives help in decision making?
55
30 sec
Q.
What is a key difference between unincorporated businesses and limited companies?
56
30 sec
Q.
What is a disadvantage of joint ventures?
57
30 sec
Q.
What type of partnership involves pooling expertise, resources, and risk-sharing temporarily?
58
30 sec
Q.
What form of business involves operating under a parent company's brand and business model?
59
30 sec
Q.
What is a key advantage of public limited companies?
60
30 sec
Q.
Which type of company offers limited liability and is privately owned?
61
30 sec
Q.
What is a disadvantage of partnerships?
62
30 sec
Q.
Which form of business organisation involves two or more individuals sharing responsibilities?
