Please complete the Business Studies Quiz.
All the best!
Tangible goods
Intangible goods
Education is Tangible goods
Education is intangible goods
Please identify the four factors of production and give an example for each factor.
Example: Capital - money.
There are four factors of production.
Choose the correct combination
Capital, Entrepreneur, Labor and Land
Capital, Entrepreneur, Labor and Money
Capital, Entrepreneur, Labor and Production
Primary Sector
Secondary Sector
Tertiary Sector
Primary Sector
Secondary Sector
Tertiary Sector
Primary Sector
Secondary Sector
Tertiary Sector
Please identify 5 Durable goods.
Please identify 5 non-durable goods
Consumer Service
Consumer Good
Consumer service
Consumer Good
What is scarcity in business.
Please use the example of diamonds when explaining the concept ‘Scarcity’.
John and mat decide to open a smoothie business together and split 50% profit together. This is sole trader
John and mat decide to open a smoothie business together and split 50% profit together. This is Partnership
John decides to open a smoothie business. This is a sole trader
John decides to open a smoothie business. This is a public business