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1.5 knowledge and understanding test
 

1.5 knowledge and understanding test

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Knowledge test Unity 1 Business activity

Knowledge test Unity 1 Business activity

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    1.5 knowledge and understanding test 1.5 knowledge and understanding test Presentation Transcript

    • Test your knowledge, check the knowledge of others
      Knowledge and understanding
    • You should have prepared for this activity
      Time to show how much you know
      Paper?
      Pens?
      Revision?
      Ready?
    • Answer the following questions
      There is no need to copy them down, they are in the same order as those in your text book on page 16, simply number them
      Each question is worth four marks, you have 5 minutes to answer each question
      The slides will advance automatically
    • Question 1
      What is a business?
    • Question 2
      What are the purposes of business activity?
    • Question 3
      Distinguish between the customers and the consumers of a business.
    • Question 4
      What are the four factors of production and their respective rewards for being used in the production process?
    • Question 5
      Outline the three advantages and three disadvantages of specialisation.
    • Question 6
      What are the four main functional areas of a business?
    • Question 7
      Describe the three business sectors of the economy.
    • Question 8
      What is meant by the “chain of production”
    • Question 9
      How has the structure of business sectors changed over time?
    • Question 10
      Outline the implications of such changes (as described in question 9)on business activity